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Chris Hayne
Chris Hayne
Royal LePage Sussex
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13,000 ft²
Multifamily
$1,950,000
Sale


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Royal LePage Sussex presents this opportunity to acquire 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). Attain vacancy rates of North Vancouver or Mission, while gaining a higher return on cash invested. 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.


The Space
TypeProperty for sale
AvailableImmediately
Asking Price$1,950,000
Net Operating Income$110656
Property UseInvestment property

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The Building - Roxana
Property TypeMultifamily
Floors3
Building Size13,000 ft²
Lot Size20,909 ft²

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