• 669 Martin Street, Penticton, British Columbia, V2A5M6
  • Multi-family
  • 19965044ID

Central location, Flat site

Rare opportunity to own a first-class revenue generating property ideal for any long-term investor. 4 story building comprising 31 apartments. The "Fairlane Apartment" building has 1 - bachelor, 16 -1 bedroom and 14 - 2 bedrooms suites. 22 apartments have been fully renovated and 3 apartments being renovated. Many upgrades including new roof 2015, air-conditioners, elevator, windows, hot-water tanks, decks, paint and security cameras. Each apartment is individually metered and tenants pay utilities. Great location in the heart of Penticton's downtown. Excellent Cap Rate plus a great upside awaits an investor. (id:19662)

Ammenities Near By
Recreation, Public Transit, Shopping, Airport
Features
Central location, Flat site
Listing Contract Date
2018-09-28
Property Type
Multi-family
Transaction Type
For sale
View Type
Mountain view

Building

Construction Material
Wood frame
Fireplace Present
No
Heating Fuel
Electric
Heating Type
Baseboard heaters
Utility Power
Single Phase
Utility Water
Municipal water

Land

Access Type
Easy access
Acreage
No
Amenities
Recreation, Public Transit, Shopping, Airport
Sewer
Municipal sewage system

669 Martin Street, Penticton, British Columbia, V2A5M6