373 2nd AVENUE SE

Introducing an exceptional investment opportunity: a 12-suite apartment building ideally positioned in a prime location with outstanding access to everyday amenities. This property sits directly across from a CO-OP grocery store and is just blocks from the local college, helping support a consistent pool of potential tenants. Residents will also enjoy scenic river walking paths and close proximity to multiple parks, including the newly developed all-inclusive park. Plus, it’s near the Chinook Golf Course, tennis courts, an outdoor swimming pool, and K–12 schools—adding strong appeal for families and long-term renters alike. The building offers 11 two-bedroom suites and 1 bachelor suite, with the two-bedroom layout being especially attractive for maximizing rental income. Exceptionally well maintained, the property has seen extensive upgrades, including a stair lift in the common area, substantially updated suites with modern flooring and renovated bathrooms. The common laundry room has been refreshed, along with fresh paint and additional improvements throughout. With well-maintained mechanical systems, this is an investment that offers both convenience and peace of mind. The building includes electrified parking stalls and is currently fully occupied, aside from one freshly vacated suite—providing immediate cash flow and a solid return potential. Major exterior updates have also been completed, including updated balconies, PVC windows, and a newer roof (approx 10 years ago). Don’t miss this opportunity to invest in a strong multifamily asset in a highly sought-after location. Reach out today to schedule a viewing and explore everything this property has to offer. (id:53361)