$2,125,000

180 & 270 7 Street SE Unit# 1-8

Salmon Arm British Columbia

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General Description

6% CAP in Downtown Salmon Arm. Multi-family Residential Eight Plex. Double Four-plex attached townhomes with R4 zoning and past zero vacancy record located on two titles side by side. Each unit is approx 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi family townhome property. Walking distance to all amenities. 3 units recently upgraded to higher rents ($2200 to $2400/month). Current rent roll offers a 6% CAP rate. Priced well below replacement value UNDER at $270,000/unit! Seller will also consider selling a 4 Plex separately. (id:56795)

General Information MLS® Number: 10280589 Property Type: Multi-family Building Type: Multi-Family Ownership: Freehold Zone Code: Unknown Year Built: 1970   Layout   Finished Floor Area Total:   Lot & Area Information Irregular Lot? Yes Acreage? No Lot Size: 0.56 ac|under 1 acre Community: Pets Allowed

Agents Rob McKibbon

Property & Building Features

Roof: Tar & gravel Ext Finish: Stucco Water: Municipal water Sewage: Municipal sewage system

Heating: Baseboard heaters Fuel: Electric Flooring: Mixed Flooring Exterior: Stucco