180 & 270 7 Street SE Unit# 1-8 Salmon Arm

$2,125,000
180 & 270 7 Street SE Unit# 1-8 - Photo 1
  • Price$2,125,000
  • MLS #10280589
  • Age1970
  • Lot Size0.56 acres
  • ExteriorStucco
  • WaterMunicipal water
  • SewerMunicipal sewage system
  • FlooringMixed Flooring
  • Property TypeMulti-family
  • RoofUnknown
  • Zoning TypeUnknown
  • Stories2
  • Listing OfficeHomelife Salmon Arm Realty.Com

6% CAP in Downtown Salmon Arm. Multi-family Residential Eight Plex. Double Four-plex attached townhomes with R4 zoning and past zero vacancy record located on two titles side by side. Each unit is approx 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi family townhome property. Walking distance to all amenities. 3 units recently upgraded to higher rents ($2200 to $2400/month). Current rent roll offers a 6% CAP rate. Priced well below replacement value UNDER at $270,000/unit! Seller will also consider selling a 4 Plex separately. (id:6770)

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