Welcome to a unique investment opportunity in the heart of Castlegar! Two separate lots and a six plex all for one price! This well-maintained six-plex multifamily property offers a perfect blend of comfort, convenience, and income potential. This property features 6 well-designed apartments. Two units are 2-bedroom, 1 bathroom. Three units are 1 bedroom, 1 bathroom, and we have one studio suite. The building is 100% occupied, providing immediate cash flow with room for increased rental income. Situated in a desirable neighborhood, this property is conveniently located near Kootenay Market, the Liquor store, Crumbs Bakery, shopping centers, Millennium Park and public transportation. This six-plex presents an excellent opportunity for both seasoned investors and first-time buyers. With a strong rental history and low vacancy rates, this property promises a solid return on investment. Potential for rent increases and value appreciation makes this an ideal addition to any real estate portfolio. Sell off one lot and keep the six-plex, or look into permitting to build another multiplex on the vacant lot with R3 zoning. There may be opportunity to build on the second lot with variance approval. Don?t miss out on this rare opportunity to own a thriving multifamily property. Schedule a viewing today and explore the potential this six-plex has to offer! (id:4069)
Address
643 11TH Avenue
List Price
$989,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Style of Home
Split level entry
Area
British Columbia
Sub-Area
Castlegar
Floor Area
3,000 Sq. Ft.
Lot Size
0.28 Sq. Ft.
Year Built
1946
MLS® Number
2479623
Listing Brokerage
Fair Realty (Nelson)
Postal Code
V1N1J7
Site Influences
Golf Nearby, Public Transit, Airport, Park, Recreation, Schools, Shopping, Ski area
