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$1,650,000
1287-1289 Lawrence Avenue
Kelowna, British Columbia, British Columbia, V1Y6M5
MLS® Number: 10350722
Property description
This rare 4-plex has all the things going for it that investors want such as a location that tenants love, loads of parking for their vehicles and toys and affordable rates. This proven revenue maker is well kept with many recent upgrades and improvements. As a result, tenants love it. They walk to eveything they need. Each unit has two bedrooms and one bathroom for a total of 8 bedrooms and 4 bathrooms, their own laundry ( 8 machines total) and their own heat. Each side is separately metered. $5,980 monthly revenue with one side paying half utilities and the other having it included in their rent. There is potential for rent upsizing over time so this could be an excellent holding property while rents rise. There is room for an additional 4-plex on the property or maybe even more density with more height. This combination of land and building in a great location is hard to beat.
Building information
Type
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Appliances
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Architectural Style
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Constructed Date
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Construction Style Split Level
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Cooling Type
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Exterior Finish
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Half Bath Total
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Heating Fuel
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Heating Type
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Roof Material
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Roof Style
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Size Interior
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Stories Total
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Utility Water
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Land information
Amenities
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Fence Type
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Landscape Features
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Sewer
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Size Irregular
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Size Total
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Rooms
Main level
Living room
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Living room
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Dining room
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Dining room
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Kitchen
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Kitchen
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Primary Bedroom
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Primary Bedroom
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Bedroom
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Bedroom
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3pc Bathroom
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Full bathroom
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Laundry room
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Laundry room
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Lower level
Living room
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Living room
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Kitchen
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Kitchen
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Bedroom
*****
Bedroom
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Bedroom
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Bedroom
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3pc Bathroom
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3pc Bathroom
*****
Laundry room
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Courtesy of Coldwell Banker Horizon Realty
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