Salmon Arm BC, V1E 4H8

MLS® # 10384025

Property Information:

This 1.22 acre assembly represents current investment revenue for immediate cash flow, coupled with the possibility of future development to high density. Situated in walkable location, in close proximity shopping centers and downtown Salmon Arm. The site currently consists of four lots under four separate titles, featuring a total of 16 rental units organized into four well-maintained fourplexes. These units are occupied by stable, long-term tenants on month-to-month agreements, providing a reliable revenue stream. The makeup consists of 15 two bedroom apartments and 1 one bedroom apartment, ranging in size from 450 square feet to 850 square feet. There is 1 two story home with 4 units, two one level with 4 units on crawl spaces and another one level on a full basement. The full basement has a shop space, storage and a shared laundry for the tenants providing another source of revenue. Designated parking and easy access for all tenants. The future potential of the combining of the lots and rezoning to a higher density is part of the Official Community Plan for Salmon Arm and lends itself to many different options to find the right project.

Property Features:

Annual Tax Amount: $16,680
Architectural Style: Bungalow
Community Features: Shopping
Construction Materials: Cedar, Stucco, Wood Frame
Cooling: None
Heating: Baseboard
Lot Size: 1.22 Acres
Parking Features: Carport, Open
Roof: Asphalt, Shingle
Water Source: Public
Sewer: Public Sewer

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⚠ Potential Investment Performance

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