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14 Multi-Family Units - Fully Leased - Bulk Sale - Vernon, BC
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Auction #
417-1 -
Lot Size:
±1 acre -
Beds/Baths:
14 / 14 -
Year Built:
1972 -
Transaction Fee:
5% -
Broker1.75%
Co-op:
14 Multi-Family Units - Fully Leased - Bulk Sale - Vernon, BC
Residential Property For Sale in Vernon, BC
3710 24th Ave, 3712 24th Ave, Vernon, BC V1T 1L9RE/MAX Little Oak Realty and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus® event (allows for contingencies) for this 14 Unit Multi-Family, Fully Leased, Apartment Complex. Located in Vernon, BC.
Google Earth Location Link
Property Highlights:
- 14 Strata units offered as a package and not as individual sales.
- All units are currently leased
- Located just West of the 97 Hwy only 45 minutes North of Kelowna
- Many upgraded units with flooring and paint
- All units come with a fridge and stove
- City is willing to allow potential redevelopment for larger multi-family apartment complex
This is a fantastic opportunity for a few different types of buyers:
1. A Sophisticated Developer would see this property as land value and take over the rezoning process that is already in the works to construct a higher capacity residential complex.
2. A Patient Investor would hold the property as is and work on getting the rental income up over time.
3. An Investor "Flipper" would do basic unit updates to make it more attractive, then sell to someone who would rent at market value.
Downloadable Documents Sign In to Access
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Commercial
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
The auction has ended.
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How to Bid
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1Set up a free user accountFree registration with no obligation. Your account provides access to additional information and documents, as well as email updates.
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2Search & SelectThe Future of Real Estate features real estate from the USA and international. Utilize our advanced search criteria to narrow down your selection.
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3Review InformationAccess property information to make better-informed decisions. Available information varies depending on each real estate asset type.
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4Submit Deposit (if required)Prior to placing a bid, you may need to submit a deposit. Deposits can be submitted using credit card, wire transfer or check.
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5Place Online BidPlace bids on your selected asset prior to the deadline. Specifics vary for each asset.
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6Winner is DeclaredBuyer deposits purchase funds, and closing coordinator assists Buyer and Seller with final paperwork.
ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
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Vernon, BC
Canada -
Property Type: Residential Property
-
Lot Size: ±1 acre
- Beds:
14 - Baths:
14.00 - Year Built:
1972 -
Transaction Fee: 5%
-
Broker Co-op: 1.75%
RE/MAX Little Oak Realty and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus® event (allows for contingencies) for this 14 Unit Multi-Family, Fully Leased, Apartment Complex. Located in Vernon, BC.
Google Earth Location Link
Property Highlights:
- 14 Strata units offered as a package and not as individual sales.
- All units are currently leased
- Located just West of the 97 Hwy only 45 minutes North of Kelowna
- Many upgraded units with flooring and paint
- All units come with a fridge and stove
- City is willing to allow potential redevelopment for larger multi-family apartment complex
This is a fantastic opportunity for a few different types of buyers:
1. A Sophisticated Developer would see this property as land value and take over the rezoning process that is already in the works to construct a higher capacity residential complex.
2. A Patient Investor would hold the property as is and work on getting the rental income up over time.
3. An Investor "Flipper" would do basic unit updates to make it more attractive, then sell to someone who would rent at market value.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: RE/MAX Commercial
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.