Multifamily in Keremeos $539,900 8.2 cap rate

Residential Apartments with Multi-Buildings

1430 Hwy 3A, Keremeos, BC V0X1N0

3 separate buildings

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• Price:
  $539,903
• No. Units:
  7
• Building Size:
  6,200 SF
• Price/Unit:
  $77,129.11
• Property Type:
  Multifamily
• Property Sub-type:
  Garden/Low-Rise
• Additional Sub-types:
  Commercial/ Other (land)
• Property Use Type:
  Investment
• Cap Rate:
  8.28%
• Lot Size:
  0.59 AC
• Find Out More...

Last Verified 10/23/2010 Listing ID 16680202

Description

Seller Financing Available up to 80% to qualified Buyers! Opportunity to own 3 separate buildings with total of 7 Residential Rental Units on single 1/2 acre property. All concrete block construction for low mtce. Interiors drywalled and attractively finished. Updated plumbing, heating etc. Rent out all or live-in one use others a mortgage helpers. Area with limited rentals & high tenant demand. Two septic systems, Minimal grounds keeping necessary. Tenants pay utilities.

4 mins north of Keremeos BC on Provincial Hwy 3A (to Penticton, BC). Lots of outdoor activities nearby. Semi-arid climate. No polluting industries. Mountain-Valley setting primarily agricultural & cottage wineries. Combined Diagnostic-Health Care facility with on-site physicians in Keremeos.

Financial Summary

• Actual
• Net Operating Income
  $44,704.03