1-4 180 Southeast 7 Street

Downtown Salmon Arm V1E 1E4

NEW PRICE for this MULTI-FAMILY RESIDENTIAL FOUR PLEX. Four attached townhomes with R4 zoning and zero vacancy record, located in downtown Salmon Arm. Each unit is approx 1200 Sq.Ft. with 3 Bedrooms & 1.5 Bathrooms and include a full basement with laundry. Separate metering for each, fully compliant multi-family townhome property. Walking distance to all amenities. Fully rented with $4,288/month rental income. Priced well below replacement value at $270,000/unit! Seller will consider selling the next door 4 Plex with this one as a package to make an 8 Plex. Then there is an opportunity to sub-div the rear lot off for a duplex to make a 10 Plex. Every unit is almost identical. The main floor has the living room, dining room, kitchen, and a powder room along with a front and rear entrance. There's a staircase down to the basement which is used for storage and laundry. Upstairs has 3 bedrooms and a full bath. This is the most recent information on the costs: Property Tax is about $4200/year Utilities about $2100/year Insurance $2800/year Tenants pay all their own hydro. No other fees. Rent is combined at $4288/month The roof is 11 years old, HWTs are 12 years. The seller is willing to include the fourplex next door as well in a package deal for $2.25M. They've had an appraisal of the fourplex next door recently. Call or text Rob McKibbon (250) 804-6288 or email sold@BIGRob.ca Thank you for your interest.