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. (id:44393)
| MLS® Number | 10384025 |
| Property Type | Multi-family |
| Neigbourhood | SE Salmon Arm |
| Amenities Near By | Public Transit, Shopping |
| Architectural Style | Bungalow |
| Basement Type | Crawl Space, Full |
| Exterior Finish | Cedar Siding, Stucco |
| Heating Type | Baseboard Heaters |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 1 |
| Size Interior | 9,400 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Carport |
| Access Type | Easy Access |
| Acreage | Yes |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Irregular | 1.22 |
| Size Total | 1.22 Ac|1 - 5 Acres |
| Size Total Text | 1.22 Ac|1 - 5 Acres |
Contact us for more information
Jeremy Osborne
(250) 832-9997
(250) 832-9935
www.royallepageaccess.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
