10359057 |
Vernon & Area | City of Vernon
Exceptional Multifamily Investment Opportunity in Prime Vernon Location. Discover the potential of this income-generating four-plex situated on a spacious 0.29 acre lot in a highly convenient location. Whether you're expanding your real estate portfolio or stepping into multifamily investing, this property offers incredible value, versatility & potential. The building features four separate units with a shared front and rear entry, central hallway, and common laundry area. Three of the units offer three bedrooms, while the fourth unit has two bedrooms — all with functional layouts, including galley kitchens with dining areas, generous living rooms, and primary bedrooms featuring 2-piece ensuites. Outside, the partially fenced and treed backyard provides privacy and shade, while the ample front parking area has potential to accommodate RV or boat parking — a rare and desirable feature. Just steps away from community recreation, shopping, transit, and all the amenities Vernon has to offer, this property presents an attractive opportunity with potential of a 6%+ cap rate, whether you're looking to renovate, rent, or hold a multi-unit residential building in a central, high-demand area. Don't miss out — book your private viewing today! (id:60457)
Property Type | Multi-Family / Fourplex |
Style of House | Other |
Bedrooms | 11 |
Bathrooms | 8 |
Asking Price | $995,000 |
Floor Area Price per House SqFt | 5,164 sqft $193 |
Age | 53 years (1972) |
Land Size Price per Land SqFt | 0.29 ac (12,632 sqft) $78.77 |
Property Taxes | $3,862 |
Ownership Interest | Freehold |
PID | 007-922-531 |
Seller's Agent | RE/MAX Vernon Salt Fowler |
✓ View (Valley view, View (panoramic)) | ✓ Family Oriented |
✓ Wall unit | ✓ Refrigerator |
✓ Range - Electric | ✓ Washer & Dryer |
The displayed rates are provided as guidance only, are not guaranteed, and are not to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.
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