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$ 2,590,000
Est. payment | /mo
9,400 SqFt
$ 2,590,000
Est. payment | /mo
9,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 9400
Square Footage 9,400 sqft
Price per Sqft $275
Subdivision Se Salmon Arm
MLS® Listing ID 10384025
Style Bungalow
Lot Size 1.220 Acres
Acres 1.22
Property Sub-Type Freehold
Property Description
This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project. (id:24570)
Location
State BC
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Exterior
Parking Features Yes
View Y/N No
Roof Type Unknown
Attached Garage No
Garage Yes
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Architectural Style Bungalow
Others
Ownership Freehold
Listed by Royal LePage Access Real Estate
Nearby Locations
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