Property Information:

Investors. How interested would you be in an investment 2 bedroom townhome for only $164,300? How about 14 of them, all at $164,300? 14 separately titled strata townhome properties in 2 separate twin buildings of 7 units each offered as one package. Each unit is currently rented with monthly rents between $800.00 and $1600.00. Each building consists of 4 near identical 2 bedroom and 1 bath 712 sq ft ground floor units and 3 upper level 2 bedroom 1 bath units averaging approximately 820 sq ft for approx. 5300 sq ft of living area per building. Good location, on the bus route and convenient to all that Vernon has to offer. Property is flat, fully usable and has a creek at the rear. Note not a foreclosure but a court ordered sale and priced to go. This property needs work but huge upside potential for someone to inject some capital and invest some time and sweat equity. Great for a solo investor, a group of friends or like minded partners, or a charity or non profit organization looking for multiple properties in 1 location. The present Vernon vacancy and rental market is quite healthy and still is a bit of a ""landlord's market"". Please note at this time the offering is only for all 14 units as 1 package. Call or visit our web page for more info, a full package or to book a viewing. (id:27)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Amenities: Laundry - Coin Op
Exterior Finish: Vinyl siding
Flooring Type: Flooring Type
Roof Material: Asphalt shingle
Roof Style: Unknown
Heating Type: Baseboard heaters
Heating Fuel: Electric

Property Features:

OwnershipType: Strata
Property Type: Multi-family
Built in: 1997
Community Features: Rentals Allowed
Features: Balcony
Irregular: Yes
Lot Size: 0.54 Acres
MaintenanceFee Type: Insurance, Property Management, Other, See Remarks, Waste Removal, Water
Storage Type: Storage, Storage Shed, Locker
Surface Water: Creeks
View Type: City view, Mountain view, View of water
WaterFront Type: Waterfront on creek
Sewer: Municipal sewage system

Courtesy of: RE/MAX Vernon

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Demographic Information of 3710-3712 24 Avenue, Vernon, British Columbia, V1T 1L9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$79,251.08

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

27.74 %

High school certificate or equivalent

36.15 %

Apprenticeship trade certificate/diploma

7.76 %

College/non-university certificate

21.78 %

University certificate (below bachelor)

0.27 %

University Degree

6.31 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

0.07 %

By Walking

12.81 %

By Bicycle

1.23 %

By Other Methods

5.71 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

60.49 %

Houses

39.51 %

3710-3712 24 Avenue, Vernon, British Columbia, V1T 1L9