3506 24 Avenue Vernon, British Columbia V1T 1L8
$950,000
Investor Alert!!! Turn-Key Fourplex in the Heart of Vernon. Opportunity knocks with this Fully Tenanted, Fully Managed, Purpose-Built Fourplex (full duplex with basement suites), ideally located in Central Vernon. Each Bright and Cheery 2-bedroom, 1-bath unit features Separate Mechanical Systems, In-Suite Laundry, and Private Fenced Yards, a highly desirable setup for both tenants and Low-Maintenance ownership. Recent Updates in Units B & D include New Flooring, Paint, Trim, Appliances, and Boiler in Unit D. With Excellent Existing Tenants, this property is already Cash Flow Positive and offers additional upside through potential rent increases. Enjoy ample On-Site Parking, and peace of mind with Professional Property Management already in place. A solid 6.49% cap rate at List Price, with room to grow—just sit back and let this Investment Work for You! (id:60329)
Property Details
| MLS® Number | 10356110 |
| Property Type | Single Family |
| Neigbourhood | City of Vernon |
| Amenities Near By | Park, Shopping |
| Parking Space Total | 8 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Type | Full |
| Constructed Date | 1969 |
| Heating Type | Hot Water, See Remarks |
| Roof Material | Other |
| Roof Style | Unknown |
| Stories Total | 2 |
| Size Interior | 4,082 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 75 Ft |
| Size Irregular | 0.18 |
| Size Total | 0.18 Ac|under 1 Acre |
| Size Total Text | 0.18 Ac|under 1 Acre |
| Zoning Type | Unknown |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 4pc Bathroom | 7'3'' x 4'2'' | ||
| Basement | Bedroom | 10'9'' x 14'3'' | ||
| Basement | Primary Bedroom | 10'8'' x 13'2'' | ||
| Basement | Living Room | 22'2'' x 9'7'' | ||
| Basement | Kitchen | 8'7'' x 12'1'' | ||
| Basement | 3pc Bathroom | 7'6'' x 4'7'' | ||
| Basement | Bedroom | 11'3'' x 11'3'' | ||
| Basement | Primary Bedroom | 15'7'' x 10'7'' | ||
| Basement | Kitchen | 10'11'' x 10' | ||
| Basement | Living Room | 11'3'' x 16'9'' | ||
| Main Level | Kitchen | 12'1'' x 8'7'' | ||
| Main Level | 4pc Bathroom | 7'3'' x 4'2'' | ||
| Main Level | Bedroom | 10'9'' x 14'3'' | ||
| Main Level | Primary Bedroom | 13'2'' x 10'8'' | ||
| Main Level | Living Room | 22'2'' x 9'7'' | ||
| Main Level | 4pc Bathroom | 7'3'' x 4'2'' | ||
| Main Level | Bedroom | 13'2'' x 10'8'' | ||
| Main Level | Primary Bedroom | 14'3'' x 10'9'' | ||
| Main Level | Kitchen | 12'1'' x 8'7'' | ||
| Main Level | Living Room | 22'2'' x 9'7'' |
https://www.realtor.ca/real-estate/28643685/3506-24-avenue-vernon-city-of-vernon
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July 24 2025 11:49:08
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RE/MAX Vernon