Arun Rahul Group

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3710-3712 24 Avenue, Vernon
3710-3712 24 Avenue, Vernon
3710-3712 24 Avenue, Vernon
3710-3712 24 Avenue, Vernon
3710-3712 24 Avenue, Vernon
+5 more

3710-3712 24 Avenue, Vernon, British Columbia

$2,200,000
0.5400
Acres

About 3710-3712 24 Avenue

Investors. How interested would you be in an investment 2 bedroom townhome for only $157,143? How about 14 of them, all at $157,143? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00 and averaging $1179.00 per month. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing. (id:66920)

Key Features

  • Balcony
  • Laundry - Coin Op
  • Rentals Allowed
  • City view
  • Mountain view
  • View of water
  • Baseboard heaters
  • Electric
  • Mixed Flooring
  • Multi-Family
Shubham Nayyar
Shubham Nayyar
Real Estate Associate & Mortgage Broker, Partner & Director of Business Operations
Cell: +1 403-431-9005 VIEW REALTOR® PROFILE

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Estimated monthly payment
$10,289
/month · principal + interest

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Listing courtesy of Association of Interior REALTORS®.
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