6342 6 Highway Lavington, British Columbia V2A8G7

$899,000

MLS# 10258830

Description

Excellent investment opportunity!! Over $6000 / month in potential revenue from 5 different rental units. Don't miss out on your chance to own one of six C1 zoned lots in Lavington. With Lumby booming and businesses flourishing in the area it will be easy to maximize your potential out of this investment. Great opportunity to live and work on site. 3 X 1 bed / 1 bath nicely updated apartments will be vacant by October 1 (family moving out) and could reasonably fetch $1200 - $1400 each. These units have updated counters, flooring, some cabinetry, and have been well cared for. There is also a detached shop that used to have a garage door and is still framed for one. This could be rented out as storage, mechanic shop, woodworking shop, manufacturing, etc. 200 amp service that feeds the apartments is pulled to shop and 100 amp panel in shop. Each apartment has their own panel as well. Separate 200 amp service to the restaurant and tenant pays this bill. Seller spent $70,000 on a new septic system in 2020. Furnace new in 2020. A/C unit for the restaurant 2021. Torch on roof is 12 years old.

Overview

  • Price $899,000
  • MLS # 10258830
  • Age 1960
  • Exterior Vinyl siding
  • Water Municipal water
  • Sewer Septic System
  • Listing Office RE/MAX Vernon

Contact us for more information or to set up a viewing.

Contact Us