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6 One bedroom Revenue Apartment Investment for sale at 631 Burns Street, Penticton BC $599,995

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Commercial Real Estate Agent with BusCom Real Estate Services

6 One bedroom Revenue Apartment Investment for sale at 631 Burns Street, Penticton BC $599,995

6 Unit revenue apartment building in the downtown core of Penticton BC offering lots of long-term potential This 3 storey building has 2- 559 sqft one bedroom apartments on each floor.

Rents are low and tenants are long-term making this property easy to manage. This building has NOT been renovated and so offers many options to the new owner. This apartment building is on one of two lots (92.25'*100') so another 6 or more units could be build based original plans.

Gross Rents: $39,420. Annual Expenses: $9,932 Net Income: $29,488 (Approximately) 4.9% Cap Rate

Zoning:
RM3 - Multi-Family Residential

6 One bedroom Revenue Apartment Investment for sale at 631 Burns Street, Penticton BC $599,995


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Posted by

 

 

 

Raymond MAASKE, BBA, CCC, ACRE

 

 

 

Confidential Business Broker & Commercial Real Estate Services

 

 

 

Direct: 250.878.2218

 

 

 

Email:  RaymondMAASKE@gmail.com

 

Website:  www.BusComRealEstate.com

 

Who we are:  Intro Video

 

 

 

We are a full service CONFIDENTIAL Business Brokerage & Commercial Real Estate Company specializing in the sale of business and commercial property. We help business and commercial property owners sell their business and commercial property in A CONFIDENTIAL & PROFICIENT MANNER to a QUALIFIED BUYER.

 

 

 

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