HASSLE FREE: 6.24% Cap Rate on this 4 Unit revenue investment apartment building (fourplex) in the downtown core at 11114 Jubilee Road, Summerland BC - $549,945
All units are spacious two bedrooms and 2 bathrooms. Decks and yards for each unit. This building has been fully renovated and so you do not have much to do. Gross Rents: $42,000. Annual Expenses: $6,694 Net Income: $35,306. If smoking and/or children allowed your return goes to 7.91%. This property was a registered strata back in 1988 (KB28145 KA CANCELLED THE OWNERS, STRATA PLAN NO. K548 1988). Further details should be sought from the Land Titles Office.
Owners will consider partial trade to either a property in West Kelowna or small house that needs to be renovated in the area.
Video at: TBA Full Listing: TBA
RMD - Residential Medium Density Zone: Details: (page 74-75) http://www.summerland.ca/docs/docs_forms/bylaws/Municipal%20Zoning%20By-law.pdf
HASSLE FREE: 6.24% Cap Rate on this 4 Unit revenue investment apartment building (fourplex) in the downtown core at 11114 Jubilee Road, Summerland BC - 549,945
Raymond MAASKE,BBA, CCC, ACRE, ATM-B
Summerland & Penticton, Okanagan, BC
Website: http://www.HomeStarRealty.ca
E-mail:raymond@HomeStarRealty.ca
Phone:250.488.8764
"Oh by the way... I'm never too busy for your referrals"
