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.