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MLS: 10324057

520 Westminster Avenue W

7350 sqft

$1,399,000

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Westminster Apartments consists of 9 units, there are 6-TWO bedroom and 3-ONE bedroom units. Close to Okanagan Lake and Beach, downtown shopping, and endless restaurants within walking distance! Long-term tenants with most living at the complex for 10+ years, so the current rents are low and there is a positive upside that they could be increased over time. The current annual gross rent revenue is $95,500. The building is a little tired and requires a little work! The 2024 assessment value is $1,503,000. Only asking $155,444 per unit. (id:6770)

Multi Family < 1 Acre New
Listed by Paul Basso
Royal Lepage Locations West

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Overview

  • Price $1,399,000
  • MLS # 10324057
  • Age 1975
  • Stories 2.5
  • Size 7350 sqft
  • Exterior Brick, Stucco
  • Cooling Wall Unit
  • Appliances Refrigerator, Range - Electric
  • Water Municipal water
  • Sewer Municipal sewage system
  • Listing Agent Paul Basso
  • Listing Office Royal Lepage Locations West

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