$2,200,000

3710-3712 24 Avenue, Vernon

City of Vernon, Vernon, BC V1T1L9

Commercial

Listed by RE/MAX Vernon · Don Defeo

About this property

Investors. How interested would you be in an investment 2 bedroom townhome for only $157,143? How about 14 of them, all at $157,143? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00 and averaging $1179.00 per month. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing. (id:67417)

Property details

Price

$2,200,000

MLS® number

10386053

Property type

Commercial · Multi-Family · Multi-family

Ownership

Condo/Strata

Lot size

0.54 acres · 0.54

Year built

1976

Parking spaces

0

Annual taxes

$18,746

Strata / HOA fee

$3,518 monthly

Fee includes

Property Management, Waste Removal, Ground Maintenance, Water, Insurance, Other, See Remarks, Reserve Fund Contributions, Sewer

Community

City of Vernon, Vernon

Features

Heating

Baseboard heaters, Electric

View

City view, Mountain view, View of water

Waterfront

Waterfront on creek

Flooring

Mixed Flooring

Roof

Asphalt shingle, Unknown

Exterior

Vinyl siding, Aluminum

Building features

Laundry - Coin Op

Community

Rentals Allowed

Lot

Balcony

Water

Municipal water

Sewer

Municipal sewage system

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