190 Carson Crescent, Kamloops | $4,500,000 | MLS® 10400818
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Ross
Spina*
C. (250) 319-4912
P. (250) 374-3331
Phone Ross http://realestatekamloops.net
REMAX KAMLOOPS
258 Seymour Street
Kamloops, BC
Canada V2C 2E5
MLS® 10400818

Details

%
Years (35 year max)
Years



Address 190 Carson Crescent
AreaKamloops And District
Sub AreaKAM - North Kamloops
CityKamloops
Postal CodeV2B 3S3
State/ProvinceBritish Columbia
CountryCanada
Price$4,500,000
Property Type12+ Units
Building NameIsland Park Place
Lot Size0.46 Acres
WaterfrontNo
Year Built1969
ParkingOpen
Taxes $22,520
Tax Year2026
MLS® #10400818

190-200 Carson Crescent is a 22-unit apartment building comprised of 12 two-bedroom units and 10 one-bedroom units all with their own hydro meters, electric baseboard heat and electric hot water tanks in each unit. The building sits on a corner lot and is approx. 19,882 sq ft. There have been lots of updates to the building such as; All units sliding glass doors and windows replaced in 2018, All 16 balconies railings and surfaces have been replaced, 12 units have new kitchens/updates: 15 units have new bathtubs, two of the units need some updating but the remaining 20 units are in good clean condition. Roof Jack's and venting penetrations were redone in 2018. There is an upside opportunity here as some of the units are not at market rent, and of course the two bedrooms units make for a good mix. Good solid NOI and cashflow make for a good investment in this well maintained building. Cap rate is 5.43 % on the list price.

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About


 

         Licensed Realtor®  since 1991

·        University of British Columbia, Diploma in Urban Land Economics, four year programme

·        Vancouver Community College, Certificate in Realty Appraisal

·        Member of Real Estate Institute of British Columbia, privileged to use the distinguishing letters , RI

·        Associate Broker License

·        Past Director for Kamloops & District Real Estate Assn.

·        Past Commercial council of BC division chair for Kamloops & District Real Estate Assn.

·        Past President of the Kamloops & District Real Estate Assn.