SOLD

Well-maintained and upgraded 11-unit apartment building located in a prime location, just across the street from the newly renovated Penticton Hospital and within walking distance to amenities and Penticton Main Street. The building features 7 bright and open studios and 4 one-bedrooms, all well-maintained and highlighted by exposed structural wood beams. Additionally, there is a coin-operated laundry area and locker storage for tenants. The hallways are welcoming, clean and bright. Each unit has its own separate electrical meter, with utilities paid by the tenants. The net operating income (NOI) has been accurately accounted for, including the expense of management costs and a small vacancy factor, resulting in a 5.2% capitalization rate, making it one of the best-priced multi-family investments in Penticton. Qualified buyers and agents with commercial real estate experience are welcome to inquire. Two units will be shown upon request to qualified parties, with the remaining units available for inspection after entering into an acceptable offer is made.