Thompson + Crocker Real Estate Group - 250-487-7000

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Revenue in Penticton

$5988800.00
669 MARTIN STREET - MLS® #: 175087
  • (121)
  • 185
  • 168
  • 0 Bedrooms
  • 0 Bathrooms
  • - Sq Ft
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Thompson + Crocker Real Estate Group
250-487-7000

Description

Rare opportunity to own a first-class revenue generating property ideal for any long-term investor. 4 story building comprising 31 apartments. The "Fairlane Apartment" building has 1 - bachelor, 16 -1 bedroom and 14 - 2 bedrooms suites. 22 apartments have been fully renovated and 3 apartments being renovated. Many upgrades including new roof 2015, air-conditioners, elevator, windows, hot-water tanks, decks, paint and security cameras. Each apartment is individually metered and tenants pay utilities. Great location in the heart of Penticton\'s downtown. Excellent Cap Rate plus a great upside awaits an investor.

Amenities

Garage
Heating
Fireplace
Water Supply
Foundation

Disclaimer:

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Listing data last updated date: 2018-09-29 17:10:07

Copyright 2010 by the South Okanagan Real Estate Board Ltd. and the REALTORS Association of South Okanagan. All Rights Reserved.

Listing Agent: DIANNE VAN SCHILT, PREC*