520 Westminster Avenue W Active

Penticton,BC V2A1K6

$ 1399000

- Bed

0 Bath

7350 SqFt


Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 7,350 sqft

Price per Sqft $190

Subdivision Main North

MLS Listing ID 10324057

Year Built 1975

Lot Size 6,098 Sqft

Property 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. (id:24570)

Location

Province BC

Zoning Residential

Interior

Heating Baseboard heaters,

Cooling Wall unit

Exterior

Garage No

Waterfront No

View Y/N No

Building

Story 2.5

Sewer Municipal sewage system

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