Property Description for 520 Westminster Avenue W
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. (id:38686)
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Property Details
Property Tax
: $8,154MLS® #
: 10324057
Home Features
Property Type
: MultiFamilySquare Footage
: 7,350 SQFT
Room Details
Partial Bathroom
: 0
Interior Features
Heating
: Baseboard heaters, Electric
Exterior Features
Acreage
: 0.14
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Brick, Stucco
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