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.
Display of MLS data is deemed reliable but is not guaranteed accurate by the SOREB.
The trademarks REALTOR®, REALTORS and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
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*