Timberlane Apartments

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$949,000

3803 & 3805 - 32 Avenue
Vernon

Cash flow property !!!

This apartment currently has 11 self-contained units generating $7500 a month with very low monthly expenses. It is situated on .85 acre of prime RH1 zoning. It is located in the core of Vernon - a most sought after area. The area offers transportation with a close by bus route, as well as the main bus terminal and city centre is a less than 5 minute walk. The prospect of this property is incomparable.

At this time we will be looking at all offers. We are motivated sellers as we would like to leave the country. We may also consider vendor financing depending on offer.

More bonuses:

  • Storage rental still available
  • Coin-op laundry
  • Most tenants hold utilities in their own names
  • Perfect property for senior home
  • City is supportive to additional and/ or redevelopment
  • Save on 11 DCC charges for redevelopment
  • Low, low vacancy
  • Great, long-term tenants
  • Cash flow !!!

On Bus Route Fenced School Nearby
RV Parking

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Real Estate Details of Listing No. 25744
Square Feet Square Metres  
Bedrooms many Heating  
Full Baths Exterior   
Half Baths   Garage none
Year Built   Number of Cars  
Levels   Other Parking  
Property Size .85 acre  Appliances  
 
Contact the Owners to View this Property!
Lister Name Stefan Marten E-Mail Address pearl-scott@hotmail.com
Daytime Phone 250-718-0996  Evening Phone 250-718-0996 
Seller's Web Site      


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Real estate details and other realestate information on this for sale by owner listing is provided by the owner and not verified by OKhomeseller. Property information provided by the owner is not guaranteed and should not be relied upon without verification.