3710-3712 24 Avenue Vernon, British Columbia V1T 1L9

Baseboard Heaters Waterfront On Creek

$2,400,000

Maintenance, Reserve Fund Contributions, Insurance, Ground Maintenance, Property Management, Other, See Remarks, Sewer, Waste Removal, Water

$3,517.87 Monthly

Investors. How interested would you be in an investment 2 bedroom townhome for only $171,500? How about 14 of them, all at $171,500? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing. (id:63869)

Property Details

MLS® Number 10386053
Property Type Multi-family
Neigbourhood City of Vernon
Community Name Creekside Estates
Community Features Rentals Allowed
Features Balcony
Storage Type Storage, Storage Shed, Locker
View Type City View, Mountain View, View Of Water
Water Front Type Waterfront On Creek

Building

Amenities Laundry - Coin Op
Constructed Date 1976
Exterior Finish Aluminum, Vinyl Siding
Flooring Type Mixed Flooring
Heating Fuel Electric
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Type Multi-family
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.54
Size Total 0.54 Ac|under 1 Acre
Size Total Text 0.54 Ac|under 1 Acre
Surface Water Creeks

https://www.realtor.ca/real-estate/29705408/3710-3712-24-avenue-vernon-city-of-vernon

Contact Us

Contact us for more information

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Don Defeo
Personal Real Estate Corporation

(250) 558-8762
www.vernonrealestate.com/

RE/MAX Vernon
5603 27th Street
Vernon, British Columbia V1T 8Z5

(250) 549-4161
(250) 549-7007
www.remaxvernon.com/