Residential & Commercial Real Estate

925 RIVERSIDE AVE Sicamous ( British Columbia, CA - V0E 2V1) Built

$1,900,000

Homelife Salmon Arm Realty

Jim Grieve PREC & Jordan Grieve BComm/PREC Jim Grieve PREC & Jordan Grieve BComm/PREC 250-833-7812 (Office) 800-890-9166 (Office) 250-833-6312 (Cell) 250-832-7573 (Fax) Request More Info

  • 23 UNIT MULTI-FAMILY BUILDING INVESTMENT PROPERTY
  • Type: Commercial
  • Style: 2 Storey
  • Size: 20,872 sq. ft.
  • Lot Size: 1.22 acres 115ft x 462ft
  • Year Built: 1978 "approximate"
  • Taxes: $14,587.00 (2016)
  • MLS ® #: 10140814

Description

GREAT INVESTMENT PROPERTY 23 suite apartment in Sicamous with recent appraisal on file and approximately $175,000 annual income. Solid 20,872 sq ft building with concrete fire walls, torch on roof (2003), alarm systems and smoke detectors. 15-one bedroom and 8-2 bedroom suites. Sitting on 1.22 acres walking distance to beach and town with potential for future expansion, in an area with super low vacancy rate. Well-maintained two-story building that has inground pool (not in use), green space and lower than market rents. Fully rented with many long-term tenants in place, all suites have been updated over the years, approximately nine units have been fully upgraded with new laminate flooring, kitchens, and bathrooms. This is a quality residential investment with a solid return.
For more information contact Jim Grieve 250-833-6312 jdgrieve@shaw.ca
or Jordan Grieve 250-833-7812 jordangrieve@shaw.ca
or visit www.jimgrievesalesteam.com
Marketed by Jim Grieve, Personal Real Estate Corporation
Homelife Salmon Arm Realty.com
1-800-890-9166

Attachments

P2#253716927
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Information is deemed to be correct but not guaranteed.

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