180 & 270 7 Street Se Unit# 1-8 Salmon Arm, British Columbia V1E 1E4
$2,125,000
6% CAP in Downtown Salmon Arm. Multi-family Residential Eight Plex. Double Four-plex attached townhomes with R4 zoning and past zero vacancy record located on two titles side by side. Each unit is approx 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi family townhome property. Walking distance to all amenities. 3 units recently upgraded to higher rents ($2200 to $2400/month). Current rent roll offers a 6% CAP rate. Priced well below replacement value UNDER at $270,000/unit! Seller will also consider selling a 4 Plex separately. (id:52386)
Property Details
| MLS® Number | 10280589 |
| Property Type | Multi-family |
| Neigbourhood | SE Salmon Arm |
| Community Name | 8 Plex |
| Community Features | Pets Allowed |
| Parking Space Total | 16 |
Building
| Constructed Date | 1970 |
| Exterior Finish | Stucco |
| Fire Protection | Smoke Detector Only |
| Flooring Type | Mixed Flooring |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Roof Material | Tar & Gravel |
| Roof Style | Unknown |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Frontage | 188 Ft |
| Size Irregular | 0.56 |
| Size Total | 0.56 Ac|under 1 Acre |
| Size Total Text | 0.56 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25862863/180-270-7-street-se-unit-1-8-salmon-arm-se-salmon-arm
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 27 2024 01:07:17
Okanagan-Mainline Real Estate Board
Homelife Salmon Arm Realty.com