Property Description for 220-222 Vernon Street
Discover a rare and exceptional investment opportunity at 220-222 Vernon Street, a prime property located just steps from the vibrant heart of downtown Nelson. Situated on a spacious 6,000 sq ft lot, this unique offering features not one, but two fully detached homes, each with its own legal suite, creating a total of four independent income-generating units. This turnkey property is currently fully rented, offering immediate and significant cash flow. The thoughtful layout includes two 2-bedroom units and two 1-bedroom units, catering to a diverse tenant base in Nelson's thriving rental market. The property is zoned commercial, presenting exciting possibilities for future development or mixed-use applications, with the current use as a multi-family residence providing a stable and profitable foundation. With a convenient location, residents are just a short stroll from the eclectic shops, renowned restaurants, and cultural attractions of Baker Street, making this one of the most desirable addresses in town. Don't miss out on this incredible chance to acquire a meticulously managed and highly profitable piece of Nelson's booming real estate market. BRAND NEW BATHROOM IN ONE OF THE UNITS! This is an ideal investment for those seeking a stable, high-yield asset in a premier location. (id:38686)
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Property Details
Property Tax
: $5,645MLS® #
: 10361900
Home Features
Property Type
: Single FamilySquare Footage
: 3,790 SQFT
Room Details
Partial Bathroom
: 0
Interior Features
Heating
: Baseboard heaters, Forced airBasement
: FullFlooring
: Mixed Flooring
Exterior Features
Acreage
: 0.14Roof
: Asphalt shingle, Unknown
Utilities
Sewer
: Municipal sewage system
Other
Exterior Features
: Stucco
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