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3601 31 Street, Vernon | $945,000

Great investment opportunity in Downtown Vernon! Central location right near Civic Memorial Park, and the Vernon Tourism Office. A nicely renovated 6-Plex which includes 5 x 1 Bedroom Suites, as well as 1 Bachelor suite. Fully rented with great tenants, ( 2026 projected rental Income ) $6,164 total per month ($73,968 per year) , of rental income. Easy to manage building, with the location & affordability, the suites rent quickly when available. Coin Operated Laundry Room. Many upgrades include paint, flooring, and 2 fireplaces. Zoning CMUB ( Commercial Mixed Use Buisness) allows for many uses see supplements for list of permitted uses.

Description

Great investment opportunity in Downtown Vernon! Central location right near Civic Memorial Park, and the Vernon Tourism Office. A nicely renovated 6-Plex which includes 5 x 1 Bedroom Suites, as well as 1 Bachelor suite. Fully rented with great tenants, ( 2026 projected rental Income ) $6,164 total per month ($73,968 per year) , of rental income. Easy to manage building, with the location & affordability, the suites rent quickly when available. Coin Operated Laundry Room. Many upgrades include paint, flooring, and 2 fireplaces. Zoning CMUB ( Commercial Mixed Use Buisness) allows for many uses see supplements for list of permitted uses.

General Info


MLS Listing ID: 10393562 Bedrooms: 0 Bathrooms: 0 Year Built: 1950
Parking: N/A Heating: Forced air, See remarks Lotsize: 0.15 ac|under 1 acre Air Conditioning : N/A
Home Style: N/A Finished Floor Area: Laminate Fireplaces: Smoke Detector Only Basement: N/A

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Disclaimer: E. & O.E. The information contained in this brochure has been obtained from the owner and other sources deemed reliable, but is not guaranteed by Planet Group Realty Inc. or BALJIT KOCHHAR– PREC* . Prospective Buyers should make full independent investigation of all facts of the property, including legal, accounting & taxation, prior to purchase .