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520 Westminster Avenue W, Penticton
Penticton
Multi-family
$1,399,000
For sale
0 BEDS
0 BATHS
7350 sqft
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Description
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.
General Info
10324057
1975
Baseboard heaters
0.14 ac|under 1 acre
Wall unit
Smoke Detector Only
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Purchase Amount
$ 1,399,000
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