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$ 1,749,900
Est. payment | /mo
0.72 Acres Lot
$ 1,749,900
Est. payment | /mo
0.72 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Merritt
MLS® Listing ID 10351721
Year Built 1975
Lot Size 0.720 Acres
Acres 0.72
Property Sub-Type Freehold
Source Association of Interior REALTORS®
Property Description
Discover 1801 Chapman Street in Merritt, BC — a fully rented 18-unit multifamily property generating approximately $204,000 in gross rental annual income. Formerly operated as a motel, this C-2 zoned property has been converted into long-term residential rentals and offers a rare blend of steady cash flow and future upside. Located just steps from downtown, tenants enjoy walkable access to shops, services, and transit. The building includes a shared coin laundry and on-site parking, with several units already updated. There's significant value-add potential through further renovations and improved management, allowing new ownership to increase revenue over time. Merritt is a growing hub in the Southern Interior with strong rental demand, low vacancy, and improving economic fundamentals — making it an increasingly attractive destination for real estate investors. If you're looking for an affordable, income-generating asset with redevelopment potential and long-term growth, reach out today for more information. (id:24570)
Location
State BC
Zoning Unknown
Rooms
Kitchen 0.0
Interior
Heating No heat
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by RE/MAX Real Estate (Kamloops)
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