6 One bedroom Revenue Apartment Investment for sale at 631 Burns Street, Penticton BC $599,995
6 Unit revenue apartment building in the downtown core of Penticton BC offering lots of long-term potential This 3 storey building has 2- 559 sqft one bedroom apartments on each floor.
Rents are low and tenants are long-term making this property easy to manage. This building has NOT been renovated and so offers many options to the new owner. This apartment building is on one of two lots (92.25'*100') so another 6 or more units could be build based original plans.
Gross Rents: $39,420. Annual Expenses: $9,932 Net Income: $29,488 (Approximately) 4.9% Cap Rate
Zoning:
RM3 - Multi-Family Residential
6 One bedroom Revenue Apartment Investment for sale at 631 Burns Street, Penticton BC $599,995
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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"
