1175-1179 Raymer Avenue, , Kelowna

8 Bed / 4 Bath / $1,850,000 / MLS® Listing #:10241435

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Exceptional holding and investment property in one of Kelowna's most desirable locations. This fourplex offers 4 2 bed 1 bath spacious suites. Lower 2 suites are 1000 sqft. Upper suites are 1100 sqft with private decks. All have outdoor living space. There is ample parking for all suites plus an additional 2 car garage which could rented. 2 Parking spots for each suite plus additional parking off Bouvette Street. There is a coin laundry for additional income (appox $100 per month.). This large .22 acre. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied & under renovation potential rents $1600-1800, Garage rents potential $200 p/m ), (B suites are lower level, A suites upper level). Utilities are included for all suites. Expenses-Insurance $3363, outdoor/snow and lawn $1300-1500, taxes $5786, utilities $9,2335.45(Total expenses=$19,884.45) Rents are significantly under market rates. All suites have been very well maintained with some updates. Each suite has a private entrance with ample green space for tenants with large shared grass area plus storage areas available. Heating is combination of gas and electric, newer appliances in 3 suites, including vented hood fans, roof (tar and gravel) 14 years old, new lighting installed throughout, recently building has been painted, newer hot water tanks (2017) gas furnaces 15 years old.Solid rubber subfloor soundproofing. (id:10452)

Property Details

Property Type Fourplex
Square Feet 4220 sqft
Maintenance N/A
Days On Our Website 56
Basement
Kitchens 4
Lot Dimensions 0.22 ac|under 1 acre
Pool N/A
Area Kelowna
Air Conditioning N/A
Heating Electric, Natural gas - Baseboard heaters, Forced air
Exterior Stucco
Parking Spaces 10
Parking Type Detached Garage,Detached Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: Macdonald Realty Kelowna



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