This property is a Condominium/Strata ownership type with a total of 16 parking spaces available.
Located in Downtown Salmon Arm, this multi-family residential Eight Plex consists of double Four-plex attached townhomes with R4 zoning. The property has a history of zero vacancy and is situated on two titles side by side. Each unit is approximately 1200 SqFt with 3 Bedrooms & 1.5 Bathrooms, including a full basement with laundry. There is separate metering for each unit, making it a fully compliant multi-family townhome property. Conveniently within walking distance to all amenities, 3 units have recently been upgraded to command higher rents, resulting in a current rent roll offering a 6% CAP rate. The property is priced well below replacement value at $270,000/unit, and the seller is open to selling a 4 Plex separately.
This property, located at 180 & 270 7 Street SE Unit# 1-8, is for sale and sits on a land size of 0.56 ac|under 1 acre in the city of Salmon Arm, British Columbia. The postal code for this property is V1E1E4, and it is situated in the community of 8 Plex. The building exterior finish is Stucco, and it uses electric heating fuel with baseboard heaters. The property consists of 2.00 stories and is classified as a Multi-Family type.
