723 Government Street, Penticton
MLS® 10307542
Exceptional opportunity to invest in a meticulously stratified 8-condo apartment building, constructed in 1996 with separate titles for each unit. Featuring a balanced distribution of four condos on both the upper and ground levels, residents can enjoy the luxury of balconies or patios, depending on their unit. Ample parking is provided with one open space allotted per unit. Each condo boasts approximately 506 square feet of space, comprising a bedroom, living room with gas fireplace and hardwood floors, storage units, an open kitchen-living area layout, a four-piece bath, and in-suite laundry facilities. Four of the units have undergone extensive renovations, enhancing their appeal and value. With a potential rental income of $1400 per month per unit, this easily manageable property with low expenses represents a lucrative investment. Ideally located within walking distance of downtown amenities, beaches, and the hospital, this building already houses long-term tenants, offering a secure and promising investment opportunity. The entire building is available for sale, presenting an attractive prospect for discerning investors. (id:16512)
Property Details
- Full Address:
- 723 Government Street, Penticton, British Columbia
- Price:
- $ 2,195,000
- MLS Number:
- 10307542
- List Date:
- March 20th, 2024
- Lot Size:
- 0.22 ac
- Year Built:
- 1996
- Taxes:
- $ 6,442
Interior Features
- Air Conditioning:
- Wall unit
- Heating:
- Baseboard heaters
Building Features
- Storeys:
- 2
- Water:
- Municipal water
- Zoning:
- Unknown
- Garage:
- See Remarks
- Ownership Type:
- Condo/Strata
- Taxes:
- $ 6,442
Floors
Land
- Lot Size:
- 0.22 ac
Neighbourhood Features
- Amenities Nearby:
- Pets Allowed
Ratings
Commercial Info
Location
Mortgage Calculator
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