Rare multi family freehold investment opportunity. This 4 storey, low rise apartment building contains 49 units, 30 of which have been extensively renovated. Approximately 96% fully leased. Walking distance to Vernon Jubilee Hospital. The unit mix consists of 7 bachelor suites, 21 one bedroom suites and 21 two bedroom suites. There is an excellent property management team in place who schedule repairs and maintenance. This is an opportunity not to be missed especially as the Cap Rate is above 6%.
Jerry Gill*, 250.371.3340 at Century 21 Desert Hills Realty, 867 Victoria Street, Kamloops, British Columbia, V2C 2B7