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Vernon
2800 35th Street
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2800 35th Street $9,500,000
$9,500,000
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2800 35th Street
Vernon, British Columbia V1T2E4

MLS® Number: 10360631

Listing Description

Great opportunity to purchase a 42 unit apartment building in Downtown Vernon that has been upkept and well maintained over the years. 38 of the 42 units have been renovated over the past 6 years with newer bathroom and/or kitchens, new laminate flooring refreshed carpets and cabinets. Roof replaced in 2013m with new intercom system that links to tenants cellphones. Great revenue, 41 or the 42 units currently leased. The property is zoned RH3 (High-Rise Apartment Residential) allowing for 65 units per acre with potential to increase to 79 units per acre. NOI is $481, 201 and is a 5.07% cap rate. Share sale and assumable CMHC financing in place until June 1, 2033 at 3.82% rate. (39197219)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
3
Neighbourhood Name
City of Vernon
Title
Freehold
Land Size
0.81 ac|under 1 acre
Built in
1974
Annual Property Taxes
$0
Parking Type
Street, Rear, Stall
Time on REALTOR.ca
95 days

Building

Bathrooms
Partial
0
Interior Features
Appliances Included
Refrigerator, Dishwasher, Oven, Washer & Dryer
Flooring
Mixed Flooring
Building Features
Features
Balcony
Present Use
Community Multi-Tenant
Architecture Style
Split level entry
Split Level Style
Other
Fire Protection
Smoke Detector Only
Heating & Cooling
Cooling
Window air conditioner
Fireplace
Yes
Heating Type
(Electric)
Utilities
Utility Type
Cable (At Lot Line), Electricity (At Lot Line), Natural Gas (At Lot Line), Telephone (At Lot Line), Sewer (Available), Water (At Lot Line)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Roof Style
Asphalt shingle
Exterior Finish
Stucco
Neighbourhood Features
Community Features
Adult Oriented, Rentals Allowed
Amenities Nearby
Public Transit, Park, Recreation, Schools, Shopping
Parking
Parking Type
Street, Rear, Stall

Land

Lot Features
Fencing
Not fenced
Other Property Information
Access
Easy access
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250-763-2300
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Colliers
805-1499 St. Paul St.
Kelowna, British Columbia V1Y6P2
250-763-2300
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