Multifamily
Braid Apartments & Westminster Apartments
511 Braid St, Penticton, BC V2A 4Y4
Listing Price: $4,080,000
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap presents the opportunity to acquire two rental apartment buildings,
totaling 21 units, primely located near downtown Penticton.
Both properties offer exceptional value-add potential through a targeted repositioning program, while also leveraging the positive in-place cash flow.
Both properties have received numerous capital improvements, limiting future high capital expenditure costs and allowing for near term revenue certainty.
Braid Apartments & Westminster Apartments
Investment Highlights
- Below-market rents with substantial room for growth on turnover.
- Vacant 3-bedroom and 2-bedroom unit currently being renovated.
- Electric tenant-paid heat in all units along with individual breaker panels. Air conditioning units in each unit.
Exclusively Listed By
Listing Price: $4,080,000
Investment Highlights
- Below-market rents with substantial room for growth on turnover.
- Vacant 3-bedroom and 2-bedroom unit currently being renovated.
- Electric tenant-paid heat in all units along with individual breaker panels. Air conditioning units in each unit.
Investment Overview
The McEvay Blair Multifamily Group of Marcus & Millichap presents the opportunity to acquire two rental apartment buildings, totaling 21 units, primely located near downtown Penticton. Both properties offer exceptional value-add potential through a targeted repositioning program, while also leveraging the positive in-place cash flow. Both properties have received numerous capital improvements, limiting future high capital expenditure costs and allowing for near term revenue certainty.
Exclusively Listed By
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