This newly updated residential and commercial building offers a fantastic opportunity for investment. The main floor features three commercial spaces with the potential for a fourth, and zoning allows for an additional 50% more residential space on this level. This presents the possibility of increasing future revenue by adding more apartments or commercial areas. The top floor boasts seven apartments that have been meticulously renovated in recent years, and are currently all rented. Six of the apartments are one-bedroom units, while one is a spacious two-bedroom, two level apartment, with its own laundry facilities. The apartments feature wall electric heat, AC, and private screened balconies for outdoor relaxation. The kitchens are fully equipped with dishwashers, while the bathrooms also boast matching finishes. Additionally, the one-bedroom units have shared laundry facilities on the main floor, generating an additional income for the landlord. The apartments operate on a month-to-month basis, with tenants responsible for utilities. Each unit is equipped with an intercom system, ensuring security and convenience. The main floor entrance is secured and even includes an office space for the property manager. There is a second property included for tenant parking. Don't miss out on this outstanding investment opportunity, call your agent to view today! (id:4069)
Address
7431 2ND ST
List Price
$735,000
Property Type
Retail
Area
British Columbia
Sub-Area
Grand Forks
Year Built
1930
MLS® Number
2472879
Listing Brokerage
Grand Forks Realty Ltd
Postal Code
V0H1H0
