1604 31 Street, Vernon, British Columbia V1T5G8
Listing courtesy of Marcus & Millichap.
- $9,630,000
- List Price
- $9,630,000
- MLS®
- 10386799
- Days on Market
- 79
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 0.78
- Lot Size
- 33,976
- Subdivision
- City of Vernon
Property Description
Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:5764)
Additional Information
- Ownership
- Freehold
- Subdivision
- City of Vernon
- Parking Spaces
- 37
- Cooling
- Wall unit
- Country
- Canada
- Sewer
- Municipal sewage system
- Community Features
- Pets Allowed With Restrictions
- Heating
- Baseboard heaters
- Lot Size
- 33,976
