7 Bedrooms

4 Bathrooms

3,000 sqft

$849,000

INVESTOR ALERT! Rare 4-plex ideally located close to downtown Oliver and directly across from beautiful parks & walking trails. This solid, well-maintained building offers 4 legal income-generating suites, an excellent opportunity for both seasoned and entry-level investors. The property features 3 units with 2 beds/1 bath and 1 unit with 1 bed/1 bath. Each suite is equipped with its own laundry and hot water tank (approx. 6 years old), providing convenience for tenants and ease of management. Extensively renovated in 2022, the building was brought fully up to code with major upgrades including soundproof and fire-rated walls & ceilings, fire-rated doors, smoke detectors and more. Unit 2 has been recently refreshed with new flooring, window coverings, paint & appliances. All units offer updated bathrooms, with newer flooring in all but one unit. Charming covered porches have been upgraded with treated wood decking, new railings & stairs. A shared, secure storage area adds further functionality. Two units have new tenants coming in at market rent, with total projected revenue of $4,774/month and potential for further upside. Ample on-site parking and low-maintenance landscaping complete the package. Unbeatable location within walking distance to shops, schools, groceries, restaurants, recreation and all town amenities. A rare opportunity to secure a turn-key investment in the heart of Oliver. Contact listing agent for full details! (id:64133)

• Property Details
• Building
• Land
• Rooms
• Utilities

• Property Details

  MLS® Number	10384891
  Property Type	Single Family
  Neigbourhood	Oliver
  AmenitiesNearBy	Park, Recreation, Schools, Shopping
  ParkingSpaceTotal	6
  ViewType	Mountain View

• Building

  Bathroom Total	4
  Bedrooms Total	7
  Appliances	Range, Refrigerator, Dryer, Washer
  Basement Type	Full
  Constructed Date	1960
  Cooling Type	See Remarks
  Exterior Finish	Stucco
  Heating Fuel	Electric
  Heating Type	Baseboard Heaters
  Roof Material	Asphalt Shingle
  Roof Style	Unknown
  Stories Total	2
  Size Interior	3,000 Sqft
  Type	Fourplex
  Utility Water	Municipal Water

  Parking

  Additional Parking
  Other

• Land

  Acreage	No
  Land Amenities	Park, Recreation, Schools, Shopping
  Sewer	Municipal Sewage System
  Size Irregular	0.14
  Size Total	0.14 Ac|under 1 Acre
  Size Total Text	0.14 Ac|under 1 Acre

• Rooms

  Level	Type	Length	Width	Dimensions
  Second Level	Dining Room			11'4'' x 8'2''
  Second Level	Kitchen			11'4'' x 8'
  Second Level	4pc Bathroom			7'7'' x 5'
  Second Level	Bedroom			12'5'' x 8'8''
  Second Level	Primary Bedroom			11'11'' x 11'6''
  Second Level	Living Room			20'2'' x 16'4''
  Third Level	Kitchen			13'6'' x 8'10''
  Third Level	4pc Bathroom			Measurements not available
  Third Level	Laundry Room			6'8'' x 5'7''
  Third Level	Bedroom			10' x 10'
  Third Level	Bedroom			10' x 10'
  Third Level	Living Room			17'6'' x 12'4''
  Fourth Level	4pc Bathroom			Measurements not available
  Fourth Level	Laundry Room			6'8'' x 5'7''
  Fourth Level	Bedroom			10' x 10'
  Fourth Level	Living Room			16' x 10'10''
  Fourth Level	Kitchen			11'9'' x 7'8''
  Main Level	Kitchen			12'3'' x 11'3''
  Main Level	4pc Bathroom			Measurements not available
  Main Level	Bedroom			11'8'' x 11'7''
  Main Level	Bedroom			12'2'' x 11'9''
  Main Level	Living Room			16'8'' x 11'8''