- ©MLS 10381211
- Area 3581 sq ft
- Bedrooms 9
- Bathrooms 5
- Parkings 12
Description
Rare 7.6% CAP Rate – Turn-Key Multi-Unit Powerhouse! Stop searching for the ""perfect"" investment—it just arrived. This massive multi-generational estate offers a rare combination of high-yield cash flow and premium 2023 renovations. Currently generating a staggering $9,200/month in rental income from students and professionals, this property is a great cash flow investment. The Layout: Main Residence: Spacious 9 Bedrooms / 5 Bathrooms, 4 kitchen home. Dual Suites: Two fully self-contained 2-Bedroom suites. Bonus Potential: A dedicated bachelor suite (plumbed/ready for easy bathroom install). The $250,000 Edge: Forget the typical ""run-down"" rental. This home was extensively updated in 2023. We’re talking a brand-new roof, modern bathrooms, fresh upstairs flooring, and professional landscaping. Prime Location: Situated in a quiet, safe Rutland North pocket right behind Pearson Elementary. It’s perfectly positioned on a major bus route to UBCO, ensuring your vacancy rate stays near zero. Whether you’re looking for a blue-chip addition to your portfolio or a multi-generational family home that pays for itself, this is it. PS: Windows and Furnace are original but in good working order. Measurements are from iGuide, if important, please re-measure. FURNITURE NEGOTIABLE (id:48970) Show More
Details
- Constructed Date: 1990
- Property Type: Single Family
- Type: House
- Access Type: Easy access
- Neighbourhood: Rutland North
Ammenities + Nearby
- Golf Nearby
- Airport
- Recreation
- Schools
- Shopping
- Golf Nearby
- Airport
- Recreation
- Schools
- Shopping
Features
- Level lot
- City view
- Mountain view
- Valley view
- Central air conditioning
- Smoke Detector Only
- See remarks
Rooms Details For 850 Hollywood Road N
| Type | Level | Dimension |
|---|---|---|
| Media | Second level | 12'0'' x 21'0'' |
| Full bathroom | Second level | 9'5'' x 7'6'' |
| 3pc Ensuite bath | Second level | 4'0'' x 10'2'' |
| Bedroom | Second level | 11'6'' x 11'2'' |
| Dining room | Second level | 10'10'' x 7'10'' |
| Bedroom | Second level | 25'8'' x 9'7'' |
| Bedroom | Second level | 12'10'' x 10'11'' |
| Bedroom | Second level | 9'5'' x 9'11'' |
| Primary Bedroom | Second level | 26'3'' x 12'10'' |
| Bedroom | Second level | 10'0'' x 17'5'' |
| Living room | Second level | 12'10'' x 26'3'' |
| Kitchen | Second level | 10'10'' x 9'7'' |
| Bedroom | Main level | 11'7'' x 11'1'' |
| 3pc Bathroom | Main level | Measurements not available |
| 3pc Ensuite bath | Main level | Measurements not available |
| Kitchen | Main level | 10'0'' x 10'0'' |
| Full bathroom | Main level | 9'4'' x 8'3'' |
| Laundry room | Main level | 9'10'' x 12'5'' |
| Bedroom | Main level | 9'4'' x 9'6'' |
| Bedroom | Main level | 12'10'' x 9'9'' |
Location
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Data provided by: Okanagan-Mainline Real Estate Board