12-Plex Investment Opportunity

Investment and Development opportunity comes knocking! This parcel features a fully tenanted 12 plex located within walking distance to the Jubilee Hospital, downtown Vernon and multiple public transport routes. There are two separate structures broken up into 8 units in one building and then 4 units in another building. The total rents bring in over 10K a month, with a history of very low vacancy and generates a 5% cap rate. The lot is approximately .22 of an acre corner lot which borders 33rd St, 19 Ave and a laneway with approximately 100 ft and a 100 ft of depth. Zoning is currently RM1 - row housing but the city supports the ability to re-zone to multiple options including RM2 - medium density as well as RH1 and RH2 which would support a 4 storey condo complex. This property is to be sold in conjunction with 1805 33 St - MLS: 10259766. There is the ability to develop 1809 and 1805 in separate phases or for the most economical approach, develop both properties together keeping the cost down while attaining the maximum density possible. Contact Vantage West Realty for the full information package including feasibility study done for both lots combined. Not often does a solid investment and development opportunity like this come along so don't hesitate and call today for more information.

3D TOURS
Unit 4: https://my.matterport.com/show/?m=NxF5t5jwSeA
Unit 7:https://my.matterport.com/show/?m=tKmW4EHGLhc
Unit 11: https://my.matterport.com/show/?m=XPA7euj47RV

Please search the following link to view additional photos, 3D Tour & info: https://www.vantagewestrealty.com/listing/cms/vernon-real-estate-1809-33rd-street-12-plex-investment-opportunity/

Proudly Marketed By
Vantage West Realty Inc.
MLS # 10264023