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:4069)
| Address |
520 Westminster Avenue W |
| List Price |
$1,275,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Multi-Family |
| Area |
British Columbia |
| Sub-Area |
Penticton |
| Floor Area |
7,350 Sq. Ft. |
| Lot Size |
0.14 Sq. Ft. |
| Year Built |
1975 |
| MLS® Number |
10324057 |
| Listing Brokerage |
Royal Lepage Locations West
|
| Postal Code |
V2A1K6 |
