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Shuswap Homes
You are here: Listings » 60 Shuswap Street SE, Salmon Arm, BC

MLS® #: 10037306

60 Shuswap Street SE, Salmon Arm, BC - $1,995,000

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Listing Description:

17 unit apart building for sale by original owner/builder. Great location & very nice condition. Fully rented with average tenancy of 5.8 yrs (single tenants & no pets). All one bedroom suites (approx 600 sq.ft.), with in suite storage, blinds, appliances & newer decks. Coin op laundry, hallway pressurization & intercom system. Lots of parking on this 150' x150' lot. 900 sq. ft. 2 bed/1 bath house incl. with potential to subdivide 50' x 150' commercial lot or increase the apartment density.

  • Overview

    List Price$1,995,000
    Address60 Shuswap Street SE
    Square Footage12096 sq ft

  • Specifications

    Building ~ Dionne Apartments
    Gross Square Feet 12096 sq ft
    Year Built 1975, Approximate
    Construction Frame Wood
    Roof Tar & Gravel
    Exterior Finish Stucco
    Heating Electric Baseboards, Separate Controls
    Hot Water Natural Gas, Included in rent
    Lot
    Size .51 Acres
    Dimensions 150' x 150'
    Title Held Freehold, Fee-Simple Non-Strata
    Property Taxes $8,709 in 2010
    Water Supply Municipal
    Sewage Disposal Sewer, No Storm Drainage
    Revenue
    *Total Revenue for House & Apartments $134,697
    Coin Laundry $1,800
    ________
    Total Revenue for 2012 $136,497
    *with Feb 2012 rent increases
    Expenses
    Property Taxes $8,125.02
    Building Insurance $1,700
    Water/Sewer (estimate) $2,354
    Garbage $1,075.20
    Electricity (estimate) $1,212.52
    Gas (estimate) $1,675.74
    Snow Removal $856.80
    Lawn $270
    Caretaker $4,560
    ________
    Total Expenses for 2011 $21,829.28