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1362 CARMI AVE Penticton British Columbia MLS# 178164

$ 995,000

Description

Versatile income producing property in a high profile location several blocks from Penticton’s Main street. This property consists of 6- 500 sq. ft. commercial rental units, 2- 1000 sq ft commercial rental units and 16 mini storage units. Generating $82,000 gross income and represents a 5.5% cap rate on the asking price. Property has a long history of 100% occupancy and there is a wait list for the commercial units. Included in the Proforma is a 5% management fee and 5% vacancy factor. Property is currently managed by the Sellers. (id:28299)

Overview

Property Type
WaterMunicipal water
SewerMunicipal sewage system
HeatingNatural gas
Listing Office:RE/MAX PENTICTON REALTY

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Shannon Simpson Real Estate

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