2138 Merritt Avenue
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)
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®
Living Area
4226 square feet
Flooring
Appliances
Lot Size
0.21 acres
Lot Features
Exterior Features
Community Features
Roof
Other,Unknown
Heating
Baseboard heaters
Water Source
Municipal water
Sewer
Municipal sewage system
Utilities
$1,695,000
Office
Real Broker B.C. Ltd
Loan Amount:
$1,356,000
Estimated Monthly Payment:
$6,608
This is an estimate for informational purposes only. Consult with a financial advisor.
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