HASSLE FREE: 6.32% Cap Rate on this remarkably well kept 12 unit; 3 storey wood frame, walk up revenue investment apartment building in the downtown core of Penticton, BC. This building has 3 two bedroom units, 5 one bedrooms units, and 4 bachelors. Next to IGA Market Place Grocery Store. Exceptional management, zero vacancy. Lots of recent upgrades. RM3 Medium Density Multi (2 comments)
cash flow: Revenue and Investment Properties in Summerland, Penticton, Okanagan BC – Raymond MAASKE
- 04/30/10 05:40 AM
Revenue and Investment Properties in Summerland, Penticton, Okanagan BC - Raymond MAASKE Revenue Property Buying & Selling Tips I love working on this type of investment property and find the challenge of marketing a revenue property for my Seller or the buying process for my client, very interesting and rewarding. Establishing actual market value for a revenue building entails many of factors for consideration: Area cap rates? Current vacancy rates for the specific location? Are the reported expenses reasonable and complete? Does the construction of the building require immediate or deferred repair? Are there any unauthorized units in the building? Knowledge (0 comments)