Listing courtesy of Realty Executives Ultra.
Calling all investors and Heritage Home enthusiasts, this property is the perfect combination of both. This property has 5 legal suits, very close to Downtown Kelowna, yet far enough for the privacy and security. Currently owner lives in a one bedroom unit and the other four units are rented for $4,500 PM. With owners unit rented at market price, a CAP of 5.31% is achieved. If all units are rented and are rented at market price (not the current lower rates), an income of $6,900 PM/ 5.7% CAP is Possible. There are 3 x 1 bedroom units and 2 bachelors (Studio) units. Attic space can be used as more liveable space. Has an old approval from Heritage Association and City of Kelowna to put up a 1 bedroom carriage home with 3 garages. Heritage Site is recorded on in title. Don't miss this rare opportunity, call your Agent today. Kindly allow 24 hours notice for viewing and see iGuide post. Higher definition pictures are also displayed. Kindly view room measurements in supplement. Kindly allow 24 Hours of notice for tenants for viewing. (id:2579)