Outstanding investment asset with rare North Okanagan 5.4% cap rate based on $47,770 Net Operating Income & purchase price at just $219,975/door! This fourplex gem in the heart of Vernon offers convenience & comfort boasting a total of 4 complete suites each with 2 beds, 1 bath & in-suite laundry for the perfect blend of cozy living & lucrative investment potential. 2023 updates include 2 furnaces, 2 hot water tanks, new windows & dura-deck on the above garage deck & new upper washer/dryer in 2022. Ample parking is available convenient for residents & guests alike including a double garage with power. Easy access to amenities, transit, shopping & dining ensures tenants enjoy a lifestyle of comfort & convenience. Four suites promise a steady passive income stream for the savvy investor that will continue to grow exponentially as the Okanagan struggles to meet demand for rental properties with our rapidly growing population. Don't miss your chance to own a piece of real estate that combines practicality & profit potential. For more information on this terrific Vernon property please visit our website. Don't miss out! Book your private viewing today! (id:4069)
| Address |
1800-1802 Mission Road |
| List Price |
$879,900 |
| Property Type |
Single Family |
| Type of Dwelling |
Fourplex |
| Style of Home |
Ranch |
| Area |
British Columbia |
| Sub-Area |
Vernon |
| Bedrooms |
8 |
| Bathrooms |
4 |
| Floor Area |
3,586 Sq. Ft. |
| Lot Size |
0.25 Sq. Ft. |
| Year Built |
1960 |
| MLS® Number |
10309333 |
| Listing Brokerage |
O'Keefe 3 Percent Realty Inc.
|
| Basement Area |
Full |
| Postal Code |
V1T5Z3 |
