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2312 36 St 22 Unit Apartment Building $3,689,323 USD ($167,697 USD/Unit) 4.73% Cap Rate Vernon, BC V1T 6W2
EXECUTIVE SUMMARY
Great opportunity to purchase a fully leased apartment building close to downtown Vernon that was fully renovated in 2019-2020. All suites have newer bathrooms/kitchens, new laminate flooring, and cabinets. It is comprised of Twenty-two (22) 1-bedroom units that are surrounded by Swan Lake Creek and Vernon Creek with great yard space for Tenants on a quiet cul de sac. The property is zoned RM2 (Downtown Urban Centre) and has 22 parking stalls.
Share sale option and there is an assumable CMHC mortgage financing in place at 3.95% interest rate until June 2033.
Share sale option and there is an assumable CMHC mortgage financing in place at 3.95% interest rate until June 2033.
PROPERTY FACTS
| Price | $3,689,323 USD | Apartment Style | Low-Rise |
| Price Per Unit | $167,697 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.85 AC |
| Cap Rate | 4.73% | Building Size | 17,610 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1974 |
| Property Subtype | Apartment | ||
| Zoning | RM2 | ||
| Price | $3,689,323 USD |
| Price Per Unit | $167,697 USD |
| Sale Type | Investment |
| Cap Rate | 4.73% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.85 AC |
| Building Size | 17,610 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
Walk Score®
Very Walkable (74)
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2312 36 St
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