Multi-family rental unit sold in Salmon Arm

The 11-unit property sold in B.C.'s interior for $800,000

for Western Investor
October 13, 2016

The multi-family rental property is comprised of one-bedroom and bachelor suits. — NAI Commercial
Price: $800,000
No. Units: 11
Price/Unit: $75,000
Lot Size: 11,982 SFL
Property Type: Multi-family residential
Zoning: RM-3
2015 B.C. Assessment Value: $754,000
City: Salmon Arm
Province: B.C. 
Name of Brokerage: NAI Commercial

A multi-family residential building in the interior sold for $800,000 last month.

The recently renovated 11-unit property in central Salmon Arm features six one-bedroom suites and five bachelor suites, valued at $75,000 per unit.  The one-bedroom suits bring in $643 in rental income each month, while the rent for bachelor units is $505 per month. NAI Commercial Vancouver agent Michael Marckwort closed the sale.

The property is located at 371 4th Ave. in Salmon Arm.


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