175 Nickel Road, Kelowna, BC V1X4E5

Attention Investors!!!! This is a fantastic rental property with a 4.8% cap rate even though all tenants are paying well below market rents (upwards of 6% cap would be achieved at market rents). Full side-by-side duplex with self-contained 2bed/2bath suites on both sides. Excellent holding property or a great way to turn a quick profit by stratifying and selling both sides separately. This property is generating 4 income streams and netting upwards of $53k/yr. Potential to stratify the property and realize immediate equity appreciation as well. Currently fully rented to long term quality tenants who would love to stay. Property is minutes to all shopping amenities and walking distance to the direct bus route to UBCO and has tons of parking. 3 beds up with 2 baths, and 2 bed with 2 baths down, on each side. This is the low hassle, cash flow holding property you have been waiting for. VIRTUAL TOUR: https://my.matterport.com/show/?m=775pD6ndJSX (id:34291)