ADDRESS: 1175-1179 Raymer Ave. 4-Plex Kelowna South PRICE: $2,100,000
Exceptional holding and investment property in one of Kelowna's most desirable locations. This fourplex offers 4 2 bed 1 bath spacious suites. Lower 2 suites are 1000 sqft. Upper suites are 1100 sqft with private decks. All have outdoor living space. There is ample parking for all suites plus an additional 2 car garage which could rented. 2 Parking spots for each suite plus additional parking off Bouvette Street. There is a coin laundry for additional income (appox $100 per month.). This large .22 acre property has future development potential and has 3 access points, Bouvette St and Raymer Ave. Current rent breakdown is, 1179B-$1600, 1175B-$1450, 1175A $1050,$4100. 1179A (owner occupied), (B suites are lower level, A suites upper level). Utilities are included for all suites. Expenses-Insurance $3363, outdoor/snow and lawn $1300-1500, taxes $5786, utilities $9,2335.45(Total expenses=$19,884.45) Rents are significantly under market rates. All suites have been very well maintained with some updates. Each suite has a private entrance with ample green space for tenants with large shared grass area plus storage areas available. Heating is combination of gas and electric, newer appliances in 3 suites, including vented hood fans, roof (tar and gravel) 14 years old, new lighting installed throughout, recently building has been painted, newer hot water tanks (2017) gas furnaces 15 years old.
Area
Kelowna South
Bedrooms
8
Bathrooms
4
Taxes
$5,786.00
Property Type
Condos & Townhouses
MLS ®
10241435
Square Feet
4220
Year Built
1973

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