HASSLE FREE: 5.77% Cap Rate - 4 Unit revenue investment apartment building (fourplex) at 11114 Jubilee Road, Summerland, BC MLS®: 110575 $549,945

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Commercial Real Estate Agent with BusCom Real Estate Services
HASSLE FREE: 5.77% Cap Rate - 4 Unit revenue investment apartment building (fourplex) at 11114 Jubilee Road, Summerland, BC MLS®: 110575 $549,945





11114 Jubilee Road
Summerland, BC v0h1z4
HASSLE FREE: 5.77% Cap Rate

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Raymond MAASKE, BBA, CCC, ATM-B


Direct:250.488.8764
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Price : $549,945
Bedrooms : 8
Bathrooms : 8
Lot Size : 12,632
County : Okanagan
Property Type : Income
Year Built : 1977
MLS Number : 110575



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Property Description
HASSLE FREE: 5.77% Cap Rate on this 4 Unit revenue investment apartment building (fourplex) in the downtown core of Summerland BC. All units are spacious two bedrooms and 2 bathrooms. Decks and yards for each unit. This building has been fully renovated and so you do not have much to do. Gross Rents: $38,220. Annual Expenses: $6,484 Net Income: $31,736. Owners will consider partial trade to either a property in West Kelowna or small house that needs to be renovated in the area

This property was a registered strata back in 1988 (KB28145 KA CANCELLED THE OWNERS, STRATA PLAN NO. K548 1988). Further details should be sought from the Land Titles Office.

Owners will consider partial trade to either a property in West Kelowna or small house that needs to be renovated in the area. The owners have promised the tenants that they would be disturbed as little as possible (bad past experience) so viewing would be a condition in the offer presented.

Watch videos at: http://www.youtube.com/user/raymondmaaske#p/u/3/YYn51mUcsBA and http://www.youtube.com/user/raymondmaaske#p/u/4/5_Uc_krlOnY

View Listing: http://www.icx.ca/PropertyDetails.aspx?PropertyID=9767448

RMD - Residential Medium Density Zone: Details: (page 74-75) http://www.summerland.ca/docs/docs_forms/bylaws/Municipal%20Zoning%20By-law.pdf
Equal Housing Opportunity.
Home Star Realty - Summerland, Penticton Okanagan BC Real Estate : 5707 Impett Place - Summerland BC V0H1Z4 : 250.488.8764
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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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Rainer
167,409
Kelowna Real Estate Lew MacDonald Realty Match
Facebook, Twitter, LinkedIn, YouTube - Kelowna, BC

Hi Raymond

 

That looks like a great investment property

 

Should sell quickly

 

Lew

Jan 20, 2011 01:39 PM #1
Rainer
146,304
Raymond MAASKE
BusCom Real Estate Services - Okanagan Valley, BC
Commercial Real Estate

Thanks Lew...........I hope it sells soon to a GOOD owner :)

Jan 20, 2011 02:12 PM #2
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Rainer
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Raymond MAASKE

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