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Auction #417-1

14 Multi-Family Units - Fully Leased - Bulk Sale - Vernon, BC

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  • Auction #
    417-1
  • Lot Size:
    ±1 acre
  • Beds/Baths:
    14 / 14
  • Year Built:
    1972
  • Transaction Fee:
    5%
  • Broker
    Co-op:
    1.75%

14 Multi-Family Units - Fully Leased - Bulk Sale - Vernon, BC

Residential Property For Sale in Vernon, BC

3710 24th Ave, 3712 24th Ave, Vernon, BC V1T 1L9

RE/MAX Little Oak Realty and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus® event (allows for contingencies) for this 14 Unit Multi-Family, Fully Leased, Apartment Complex. Located in Vernon, BC.

Google Earth Location Link

Property Highlights:

  • 14 Strata units offered as a package and not as individual sales.
  • All units are currently leased
  • Located just West of the 97 Hwy only 45 minutes North of Kelowna
  • Many upgraded units with flooring and paint
  • All units come with a fridge and stove
  • City is willing to allow potential redevelopment for larger multi-family apartment complex


This is a fantastic opportunity for a few different types of buyers:

1. A Sophisticated Developer would see this property as land value and take over the rezoning process that is already in the works to construct a higher capacity residential complex.

2. A Patient Investor would hold the property as is and work on getting the rental income up over time.

3. An Investor "Flipper" would do basic unit updates to make it more attractive, then sell to someone who would rent at market value.

Downloadable Documents

Property Information

Investment Package

Auction Information

User Access Form

Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

Start Temporary Access Agreement

Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Broker of Record for this property: RE/MAX Commercial

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

The auction has ended.

Sign up today so you don't miss out on another auction. To be informed of future auctions like this one, click on the Search link in the menu, set the search criteria and save the search. If you have a property you may like us to sell please contact us.

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Alex Welton Event Manager The Future of Real Estate (FRE) (949) 706-6119 awelton@fre.com
Ray Yenkana Property Representative RE/MAX Little Oak Realty (604) 614-7653 ray@rayyenkana.com https://rmc.fre.com
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Bid Deadline: 23 Mar 5:00 pm PDT
14 Multi-Family Units - Fully Leased - Bulk Sale - Vernon, BC
Residential Property For Sale in Vernon, BC
Search Auctions
Sell Property
Auction # 417-1

The auction has ended.

Sign up today so you don't miss out on another auction. Contact us with any questions you may have and we'd be happy to guide you to a property that's similar to this one.

The auction has ended.

Sign up today so you don't miss out on another auction. To be informed of future auctions like this one, click on the Search link in the menu, set the search criteria and save the search. If you have a property you may like us to sell please contact us.

Property Details
  • Vernon, BC
    Canada
  • Property Type: Residential Property
  • Lot Size: ±1 acre
  • Beds:
    14
  • Baths:
    14.00
  • Year Built:
    1972
  • Transaction Fee: 5%
  • Broker Co-op: 1.75%

RE/MAX Little Oak Realty and the Future of Real Estate (FRE) are pleased to present the Online Auction Plus® event (allows for contingencies) for this 14 Unit Multi-Family, Fully Leased, Apartment Complex. Located in Vernon, BC.

Google Earth Location Link

Property Highlights:

  • 14 Strata units offered as a package and not as individual sales.
  • All units are currently leased
  • Located just West of the 97 Hwy only 45 minutes North of Kelowna
  • Many upgraded units with flooring and paint
  • All units come with a fridge and stove
  • City is willing to allow potential redevelopment for larger multi-family apartment complex


This is a fantastic opportunity for a few different types of buyers:

1. A Sophisticated Developer would see this property as land value and take over the rezoning process that is already in the works to construct a higher capacity residential complex.

2. A Patient Investor would hold the property as is and work on getting the rental income up over time.

3. An Investor "Flipper" would do basic unit updates to make it more attractive, then sell to someone who would rent at market value.

Downloadable Documents
Investment Package
User Access Form
Property Viewing

Property Viewing

If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.

If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.

Start Temporary Access Agreement

Financing

Financing

This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.

For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.

Contact Us
Alex Welton Event Manager The Future of Real Estate (FRE) (949) 706-6119 E: awelton@fre.com
Ray Yenkana Property Representative RE/MAX Little Oak Realty (604) 614-7653 E: ray@rayyenkana.com https://rmc.fre.com
Broker of Record for this property: RE/MAX Commercial

All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.

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