BCHomez.com Logo

BCHomez.com

Favorites

2138 Merritt Avenue

MLS® #10377981
About this Property

You're looking to take your investment portfolio to new heights. It doesn't take a top gun to know that this 6 plex located in beautiful Merritt, BC is a hard lock. This 6 unit walk up building takes away a lot of the pain points for the would be owner: professional management, 400 amp service and separate utilities for each unit, in unit laundry, xeriscaped front yard, and fresh crush and level in the parking area behind the building. Substantially renovated in 2025 it features new plumbing, new electrical, new insulation and an overall face lift to give your tenants pride of ownership. PLUS There's a basement area that could be divided into storage lockers for additional income potential. With the units rented out for roughly $1700 each, the building is taking home $10,175 a month. The property is also perfectly situated in Merritt, close to the Aquatic Centre, the skating and curling rink, the civic centre, shopping, restaurants, public transit, and amenities. Make your money work for you with this passive income opportunity - property is fully tenanted so please allow 48-72 hours notice for showings. (id:62865)

Property Information

Status

Active

Year Built

1960

Property Type

Multi-Family

Ownership

Freehold

Parking Spaces

12

Annual Tax

$3,737

Parcel Number

009-631-429

Data Source

Association of Interior REALTORS®

Interior Details

Living Area

4226 square feet

Flooring

Laminate

Appliances

RefrigeratorOven - ElectricHood FanWasher/Dryer Stack-UpWater Heater - Electric
Exterior & Lot

Lot Size

0.21 acres

Lot Features

Balcony

Exterior Features

StuccoOther

Community Features

Rentals Allowed
Building & Utilities

Roof

Other,Unknown

Heating

Baseboard heaters

Water Source

Municipal water

Sewer

Municipal sewage system

Utilities

WaterSewerElectricityCableTelephone

$1,695,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
4226sqft
Listing Courtesy of

Office

Real Broker B.C. Ltd

Mortgage Calculator
$339,000

Loan Amount:

$1,356,000

Estimated Monthly Payment:

$6,608

This is an estimate for informational purposes only. Consult with a financial advisor.