Description
Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit.
General Info
MLS Listing ID: 10324057 | Bedrooms: 0 | Bathrooms: 0 | Year Built: 1975 |
Parking: N/A | Heating: Baseboard heaters | Lotsize: 0.14 ac|under 1 acre | Air Conditioning : Wall unit |
Home Style: N/A | Finished Floor Area: N/A | Fireplaces: Smoke Detector Only | Basement: N/A |
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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .