1 of 2 - 1604 31 Street, Vernon, British Columbia
2 of 2 - 1604 31 Street, Vernon, British Columbia

1604 31 Street, Vernon, British Columbia

$9,630,000

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0.78

Acres

About 1604 31 Street

Rare multifamily opportunity of scale in Vernon, British Columbia. This well-maintained 49-suite apartment building, situated on a 40,827 SF lot, offers investors a compelling combination of durable in-place income, meaningful capital upgrades, and a proven path to future revenue growth. Constructed in 1973, the property has benefited from significant ownership investment, including a torch-on roof replacement (2019), a new hydraulic elevator system with cab control panel (2020), new common area flooring and paint, exterior driveway re-pave and re-line, and a modern IBC on-demand hot water and heating system, materially improving long-term operational efficiency and reliability. (id:6289)

Multi-family property for sale in Vernon, British Columbia at 1604 31 Street.

Features of 1604 31 Street

Listing # 10386799
Price $9,630,000
Bathrooms 0.00
Acres 0.78
Year Built 1973
Type Multi-family
Sub-Type Multi-Family

Community Information: City of Vernon

Address 1604 31 Street
Subdivision City of Vernon
City Vernon
Province British Columbia
Postal Code V1T5G8

Amenities of 1604 31 Street

Parking Spaces 37
Parking Stall
Is Waterfront No
Has Pool No

Interior of 1604 31 Street

Heating Baseboard heaters
Cooling Wall unit
Fireplace No
Has Basement No

Listing Details

OfficeMarcus & Millichap

Listing Map

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