Outstanding investment asset with rare North Okanagan 5.3% cap rate based on $47,770 Net Operating Income & purchase price at just $224,750/door! This fourplex gem in the heart of Vernon offers convenience & comfort boasting a total of 4 complete suites each with 2 beds, 1 bath & in-suite laundry for the perfect blend of cozy living & lucrative investment potential. 2023 updates include 2 furnaces, 2 hot water tanks, new windows & dura-deck on the above garage deck & new upper washer/dryer in 2022. Ample parking is available convenient for residents & guests alike including a double garage with power. Easy access to amenities, transit, shopping & dining ensures tenants enjoy a lifestyle of comfort & convenience. Four suites promise a steady passive income stream for the savvy investor that will continue to grow exponentially as the Okanagan struggles to meet demand for rental properties with our rapidly growing population. Don't miss your chance to own a piece of real estate that combines practicality & profit potential. For more information on this terrific Vernon property please visit our website. Don't miss out! Book your private viewing today! (id:47421)
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Detailed Information
Bedrooms
8
Bathrooms
4
Lot
144 x 0 ft
Listing Contract Date
2024-04-06
Municipal ID
010-705-635
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Single Family
Transaction Type
For sale
Zoning
Unknown
Building
Appliances
Refrigerator, Dryer, Range - Electric, Washer
Architectural Style
Ranch
Basement Type
Full
Constructed Date
1960
Cooling Type
See Remarks
Exterior Finish
Stucco, Wood siding
Flooring Type
Carpeted, Vinyl
Heating Type
Forced air, See remarks
Roof Material
Asphalt shingle
Roof Style
Unknown
Stories Total
2
Type
Fourplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Living room
Basement
19'10'' x 12'7''
Kitchen
Basement
13'6'' x 7'2''
Bedroom
Basement
13'11'' x 10'1''
Bedroom
Basement
10'1'' x 9'5''
Bedroom
Basement
10' x 8'
Bedroom
Basement
10'2'' x 12'2''
Full bathroom
Basement
Measurements not available
Full bathroom
Basement
Measurements not available
Bedroom
Main level
12'6'' x 12'2''
Bedroom
Main level
12'9'' x 9'5''
Full bathroom
Main level
Measurements not available
Full bathroom
Main level
9'10'' x 4'11''
Kitchen
Main level
14'10'' x 8'9''
Bedroom
Main level
12'8'' x 9'2''
Primary Bedroom
Main level
12'4'' x 12'11''
Dining room
Main level
11'4'' x 7'7''
Living room
Main level
15'10'' x 11'9''
Parking Spaces
Name
Spaces
Detached Garage
2
Land
Total Size
0.25 acres
Sewer
Municipal sewage system
Size of Irregular Land
0.25
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