$9,630,000
1604 31 Street, Vernon V1T5G8
Built 1973
Detached
Listed by: Marcus & Millichap.
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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:66934)
Location
Approximate location supplied by the listing data provider.
Features
Parking: Stall
Parking Spaces: 37
Structure: Multi-Family
Annual Taxes: $38,369
Lot Size: 0.78
Property Details
| Property Type | Detached |
|---|---|
| Sub Type | Multi-family |
| Lot Size | 1 sq ft |
| Year Built | 1973 |
| Parking | 37 spaces |
| Listing ID | 10386799 |
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