Macdonald Commercial and Re/Max Kelowna are proud to present an opportunity to acquire a 12-suite apartment building located close to Vernon Jubilee Hospital and Downtown Vernon. While some units have been renovated, upside in rental income still remains.
Built in 1953, this wood-frame apartment complex comprises two buildings offering twelve residential rental units. The suite mix is eight 1-bedroom suites and four 2-bedroom suites. The buildings also features a newer roof. Each unit is accessed from the exterior of the building, meaning less common area for the landlord to maintain. A driveway runs through the property between the two buildings and offers parking for the tenants. The property features a newer gabled asphalt roof. Rental units are individually metered for electricity and feature baseboard heaters.
This is an excellent opportunity for first-time multifamily investors or investors looking to add to their multifamily portfolio.
The subject property is located on the corner of 33 Street and 19th Avenue. Vernon Jubilee Hospital is a 5-minute walk, and it is only a 10–15-minute walk to Downtown Vernon.