428 HILLCREST Avenue, Oliver
INVESTOR ALERT! Rare FOURPLEX 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 revenue of $4,794/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:62865)
Status
Active
Year Built
1960
Property Type
Fourplex
Ownership
Freehold
Parking Spaces
6
Annual Tax
$3,756
Parcel Number
012-868-558
Data Source
Association of Interior REALTORS®
Bedrooms
7
Bathrooms
4
Living Area
3000 square feet
Basement
Full
Appliances
Lot Size
0.14 acres
View
Mountain view
Exterior Features
Roof
Asphalt shingle,Unknown
Heating
Baseboard heaters, Electric
Cooling
See Remarks
Water Source
Municipal water
Sewer
Municipal sewage system
$849,000
Office
RE/MAX Wine Capital Realty
Loan Amount:
$679,200
Estimated Monthly Payment:
$3,310
This is an estimate for informational purposes only. Consult with a financial advisor.
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