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Keremeos

716 3rd Ave

$486,000

About This Location

INVESTOR ALERT – Be a land baron for under 500K … 4 two-bedroom and 2 one-bedroom units on 2 levels. 1974 construction on a .331 AC lot. Well organized property with tons of future potential. Metal roof, 20 years old, new on demand hot water system 2 years old, Entry is controlled from enter phone, Electrical is the responsibility of the tenants, parking is ample and open. Storage available for all units. Clientele currently mostly seniors with S.A.F.E.R rent subsidies, many long term residents. City water, private septic. Private lot with tall hedges. Investment-wise, Cap rate in the range of 6% and with increase in rents you will be laughing all the way to the bank. Some upgrades may be required. This is a smart opportunity worth looking into.

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716 3rd Ave