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Penticton

524 Jermyn

$3,900,000

About This Location

Well kept Apartment block in Penticton. Shows a high level of care by the owner with numerous upgrades including fresh paint, new trim in the common areas. Updated vinyl decking and many suite updates as they turnover. Grandview Manor is a 20 unit residential apartment block strategically located close to downtown with grocery, beach and restaurants within walking distance. Level location with 20 parking spaces plus street parking. Strong unit mix of suites with 6-2 bedroom, 8-1 bedroom and 2 studio suites. 1 & 2 bedroom units above the ground floor have private decks. Separately metered electric in each unit. Water and Hot water are common. Garbage and recycling bins onsite. Coin operated laundry on 2nd and 3rd floors. Following several unit upgrades in recent years new rents are being achieved. Considerable upside potential as the unit’s turnover. Elevator regularly maintained by KONE. Boiler tank updated in 2017.

Details

Beds
Baths
SQF Living
.404 Acres Lot
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524 Jermyn