205040
207300

12-Plex Investment Opportunity

$1,800,000.00

main photo
photo 1 photo 2 photo 3 photo 4 photo 5 photo 6 photo 7 photo 8 photo 9 photo 10 photo 11 photo 12

Contact Seller

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

Contact Seller
Name:vantagewestrealtyinc View All Ads
Member Since:March 2008
Address:1809 33rd Street
Vernon, British Columbia
V1T 5R3 Canada
Locate on map Locate on the map
Phone:250-717-3133
Email Seller
Bookmark and Share Email Share Facebook Share Twitter Share Pinterest Share
More ads from vantagewestrealtyinc
Details
Sq. Ft. 5780.00
MLS # 10264023
Agent Name Amanda Tak
Agency Vantage West Realty
Views:4048
Post Date:Nov 28, 2022
Exp. Date:Feb 28, 2023
Listing Type:By Agent
Ad Number:4693398
Add to Watchlist

Inquiring about: 12-Plex Investment Opportunity
 

Listing: 12-Plex Investment Opportunity
 

Important Safety Tip

If you feel that this ad is miscategorized, fraud, scam or phishing, duplicate or business listing report it by clicking here.
Prime Multi-Family Development Site
2225000.00
Acquire this prime multi-family development site in Alexis park. 0.85 acre gently sloped, easily developed 36,000 ft parcel is zoned RH1 with 65% lot ..
Aircraft Hangar Oliver 50ft X 60ft
349000.00
Excellent Heated Aircraft hangar Oliver Airport. 50ft X 60ft fully Insulated & Heated. 50ft Diamond double locking door. Two piece washroom. New buil..
12-Plex Investment Opportunity
1800000.00
Investment and Development opportunity comes knocking! This parcel features a fully tenanted 12 plex located within walking distance to the Jubilee Ho..
Great Location Warehouse
535000.00
Location, Location, Location… just off Stevens Road on Juliann Road in West Kelowna. An exceptional opportunity to own a commercial space. This ope..
loading