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257 Scott Ave Penticton, British Columbia V2A 2J6

Baseboard Heaters

$6,600,000

Investment Opportunity. 52 Suite Apartment Building. Built in the Mid-1970's this apartment building has been upgraded and well maintained. The building has 52 units, of which 24 are two bedroom, 9 are one bedroom, and 19 are studio units. Centrally located, this is a popular location for rental accommodations. The building has experienced little or no vacancy in recent history and still has growth potential with the room to increase rents to reflect the current market conditions. This makes for an extremely strong investment opportunity. Attractive assumable CMHC insured financing package available and a qualified buyer has the option to either purchase of shares of the holding company or purchase as an asset sale. (id:25777)

Business

Business Type Residential
Business Sub Type Apartments

Property Details

MLS® Number 180538
Property Type Multi-family
Amenities Near By Public Transit, Shopping, Schools
Features Central Location

Building

Construction Material Wood Frame
Fireplace Present No
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters
Utility Power Single Phase
Utility Water Municipal Water

Land

Access Type Easy Access
Acreage No
Land Amenities Public Transit, Shopping, Schools
Sewer Municipal Sewage System

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21131361