Description

SALE PENDING
Invest in this great multi-residential building in one of Nelson’s desired neighbourhoods. This is a turn-key business in a strong rental market. The building has four 2-bedroom units and two 1-bedroom units as well as a basement area that contains coin operated washer and dryer and storage room. The building was totally remodeled in 2010 (BC Assessment lists it as a 2010 building) and it has been well maintained. It’s currently 100% occupied with great tenants that do not smoke or own pets.

Each unit has one full bathroom(including bathtub/shower) as well as full kitchens including dishwashers. All the smoke alarms are hard-wired in. The building is heated with electric baseboard heaters. Each unit has their own electrical meters and tenants pay their own bills. There are 7 separate hot water tanks(one for each unit and a separate one for the coin-operated washing machine). Each unit has separate entrances and some come with their own decks/porches. There is off-street parking for each unit. There is an automatic underground sprinkler system that makes maintaining the common lawn and garden area simple.

This is a two-story wood frame building that includes a finished concrete basement (one unit is in basement) measuring 4600 square feet. The apartments range in size from 450 sq. ft. to 850 sq. ft. The lot size is 60 ft. X 120 ft.