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For Sale
$9,630,000
MLS® 10386799
1604 31 Street
Vernon, British Columbia, V1T5G8
- Property type
- Multi-family
- Building
- Multi-family
- Year built
- 1973
- Lot size
- 0.78 acres
- Parking
- 37
- Ownership
- Freehold
Property facts
- Property type
- Multi-family
- Building
- Multi-family
- Transaction
- For Sale
- Year built
- 1973
- Lot size
- 0.78 acres
- Parking
- 37
- Ownership
- Freehold
About this property
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:53361)