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$ 9,630,000
Est. payment /mo
Active
1604 31 Street Vernon, BC V1T5G8
0.78 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision City Of Vernon
MLS® Listing ID 10386799
Year Built 1973
Lot Size 0.780 Acres
Acres 0.78
Property Sub-Type Freehold
Property Description
Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:24570)
Location
Province BC
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling Wall unit
Exterior
Parking Features No
Community Features Pets Allowed With Restrictions
View Y/N No
Attached Garage No
Total Parking Spaces 37
Garage No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Marcus & Millichap
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