14,898 ft²Multifamily$1,790,000Sale
14,898 ft²
Multifamily
$1,790,000
Sale
Data Room Access
The property is well located within Summerland, a town within the Okanagan with low vacancy rates and continued population growth. The building is in close proximity to Giants Head Elementary, restaurants and shopping. Featuring a strong going-in cap rate, with tenants paying their own gas and electricity, the property offers steady cash flow with the ability to increase rents upon turnover, with ease of rental due to the strong unit mix and in-suite laundry.
The Space
Asking Price$1,790,000
Available Space14,898 ft²
Net Operating Income$71702
Property UseMulti family
Cap Rate4.01%
SourceDirect
The Building
Property TypeMultifamily
Lot Size14,898 ft²
ZoningRMD
Year Built1974
Up to $500K for British Columbia businesses
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