520 Westminster Ave W
Westminster Ave W, Penticton, BC, V2A 1K6
Quick Summary
Quick Summary
- Conveniently located near Okanagan Lake
- Close to downtown shopping and restaurants
- Stable long-term tenants with low rents
- Potential to increase rents over time
- Positive annual gross rent revenue of $95,500
- Affordable asking price of $155,444 per unit
- Opportunity to renovate and improve property
- Consists of 9 units with 6 two-bedroom and 3 one-bedroom
Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be... Show More
Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit. (id:54626)
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