Quick Summary
Quick Summary
- Located in desirable Downtown Salmon Arm.
- Eight Plex with consistent full occupancy.
- Each unit has 3 bedrooms and 1.5 bathrooms.
- Includes full basements with laundry facilities.
- Walking distance to local amenities.
- Recent upgrades increased rents to $2200-$2400.
- Offers a solid 6% CAP rate investment.
- Priced below replacement value at $270,000/unit.
6% CAP in Downtown Salmon Arm. Multi-family Residential Eight Plex. Double Four-plex attached townhomes with R4 zoning and past zero vacancy record located on two titles side by side. Each unit is approx 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi... Show More
6% CAP in Downtown Salmon Arm. Multi-family Residential Eight Plex. Double Four-plex attached townhomes with R4 zoning and past zero vacancy record located on two titles side by side. Each unit is approx 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi family townhome property. Walking distance to all amenities. 3 units recently upgraded to higher rents ($2200 to $2400/month). Current rent roll offers a 6% CAP rate. Priced well below replacement value UNDER at $270,000/unit! Seller will also consider selling a 4 Plex separately. (id:54626)
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