$9,630,000

Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:64343)

Property Details

MLS® Number	10386799
Property Type	Multi-family
Neigbourhood	City of Vernon
Community Features	Pets Allowed With Restrictions
Parking Space Total	37

Building

Constructed Date	1973
Cooling Type	Wall Unit
Fire Protection	Smoke Detector Only
Heating Type	Baseboard Heaters
Type	Multi-family
Utility Water	Municipal Water

Parking

Stall

Land

Acreage	No
Sewer	Municipal Sewage System
Size Irregular	0.78
Size Total	0.78 Ac|under 1 Acre
Size Total Text	0.78 Ac|under 1 Acre

https://www.realtor.ca/real-estate/29726589/1604-31-street-vernon-city-of-vernon