117 Vermillion Avenue, Princeton, British Columbia

About 117 Vermillion Avenue

AN IMPRESIVE 10%+ CAP RATE INVESTMENT AND DEVELOPMENT OPPERTUNITY in the heart of Princeton! Generating approx. $12,000/month from 9 units, this property delivers strong cash flow with a significant upside. An additional approx. 3000 sq ft of unused space on the second floor provides further income potential. Extensive upgrades include new plumbing throughout, updated electrical with 7 individual meters, plus new flooring and paint in most units. Many suites have kitchen and bathroom upgrades as well.The development upside is a huge bonus, initial conceptual drawings have been complete and initial discussions with town have been conducted with huge support. Princeton is a pro development community experiencing major growth, with new builds up to 6 storeys. There is a sever housing shortage and the vacancy rate is below 1%, Princeton is quickly becoming a market for developers and investors. Strong income and incredible future value. (id:6289)

More Info on this Princeton Multi-Family MLS® listing

117 Vermillion Avenue is a multi-family listing for sale in Princeton. The MLS® number is 10400499. It was built in 1929 and covers 8,000 square feet. It's currently listed for $1,049,000. For more details on MLS® 10400499, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Princeton is available now!

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