351 5th Street SE S.E. Salmon Arm (Salmon Arm, British Columbia, CA - V1E 4E8) Built

$869,000

Century 21 Executives

Barbie LeRoux Barbie LeRoux 250-804-9936 (Office) 250-804-9936 (Cell) Request More Info

  • FULLY RENTED 4-PLEX
  • Type: Multifamily
  • Style: 2 Storey
  • Development Level: Built
  • Lot Type: Irregular
  • Lot Size: 0.16 acres
  • Year Built: 1963 "Substantially Renovated"
  • MLS ® #: 10214796

Description

351 5th Street SE Salmon Arm BC

Great investment opportunity – Fully rented 4-plex that underwent extensive renovation in 2019 and has approx 5+% Cap Rate on asking price. Building features two upper level 865 square foot suites and two lower level 808 square foot suites – each with 2 bedrooms, 1 bathroom and storage locker. Recent renovations include new kitchens, bathrooms, flooring, paint, trim, windows, doors, tiles, and light fixtures. These spacious suites show very well, each with their own laundry, hot water and hydro meter. Covered carport, good location and yards for each tenant. New landscaping, paint and concrete work outside. 0.16 acre corner lot with central location walking distance to downtown and other amenities. Quality tenants in place, rent is plus utilities (electricity, cable, internet). This is a clean building offering an approx 5% cap rate. Viewings available via 360 DEGREE VIRTUAL TOUR.

For more information please contact Jordan Grieve PREC* 250-833-7812 jordangrieve@shaw.ca or Jim Grieve PREC* 250-833-6312 jdgrieve@shaw.ca or visit www.jgrieverealestate.com. Toll free 1-800-890-9166. Homelife Salmon Arm Realty. Realtors deem all information to be correct yet do not guarantee this nor are we liable in any way for any mistakes, errors, or omissions. Buyer should verify all information important to them.

Attachments

Brokered and Advertised by : Homelife Salmon Arm Realty
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Information is deemed to be correct but not guaranteed.

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