$ 1,950,000
201 6th Street SE,
Salmon Arm, BC
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Property Id : 28410
Price: $ 1,950,000
Property Lot Size: 0.48 ac
Year Built: 1970
Units: 16
PID: 006-145-795
Assessed Value: $1,597,000 (2018)
Zoning: R-5
Cap Rate: 5.7
About this property
The Roxana is a superbly maintained, low maintenance, 55+, 16-unit rental apartment building. Conveniently located just blocks from downtown on a large 20,909 sf lot; “The Roxana” has seen numerous capital improvements over the last few years. Salmon Arm has a very strong rental market, and is currently experiencing record low vacancy rates (0% as per 2017 CMHC records). Combine this with rising rents, a strong local economy, and a growing population, The Roxana presents investors with a current stable cash flow with revenue upside upon tenant turnover.
Amenities and Features
Surface Parking
Central Location
Shared Laundry
Air-Conditioning
Patio or Balconies
Storage Lockers
Security System
Entry System
Map
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Cap Rate:
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