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755-759 Francis Avenue | $1,599,900
Micah Hudson Prec* Agent Photo
Micah
Hudson Prec*
Micah Hudson Prec*
C. (778) 531-8010
 P. (250) 462-7334
 Phone Micah http://micahhudson.com
SKAHA REALTY GROUP INC.
201 - 311 Main Street
 Penticton, BC
 Canada V2A 5B7

Details

%
Years (35 year max)
Years



Address 755-759 Francis Avenue
AreaCentral Okanagan
Sub AreaKS - Kelowna South
State/ProvinceBritish Columbia
CountryCanada
Price$1,599,900
Property TypeFourplex
Bedrooms9
Bathrooms2
Half Baths0
Floor Space4060 Square Feet
Lot Size0.15 Acres
WaterfrontNo
Year Built1965
Taxes $7,169
Tax Year2024
MLS® #10323437

MULTI-FAMILY, INVESTORS, RENTAL PROPERTY Families looking for rental units. MAIN HOUSE with LEGAL SUITE AND FULL DUPLEX IN THE LANEWAY. 9 BEDROOMS IN TOTAL. 4 FULL BATHROOMS AND 2 HALF BATHS IN TOTAL. 4 KITCHENS IN TOTAL. MAIN FLOOR - main house main floor Basement- main house basement suite Third Floor- 759 laneway Second Floor - 757 laneway Fantastic opportunity to own a multi-family property in a prime location in Kelowna. Centrally located in Kelowna South, this property is close to all amenities including shopping, restaurants, schools and parks and transit, and hospital. This UNIQUE property offers a Main house with a 2 bedroom 1 bath legal suite AS WELL AS a full side by side duplex in the laneway with its own parking. The main house was built approx. 1965 and has had some updates including the roof. The Duplex was built in 2019. The main house has 3 beds 1 bath up and an additional 2 beds 1 bath down. Each duplex has 2 beds and a flex space, 1.5 baths. SEE THE FLOOR PLANS FOR EACH SPACE. 755A, 755B, 757, 759 are all tenanted. Combined monthly income currently is $7,608.00 with 3 of the 4 units already given rent increase notices for January. Rental income as of January 2025 will be $7788. per month. CAP RATE currently of 5.25% (Jan 2025 CAP is approx. 5.39%) Options to redevelop main house, potentially stratify. Well maintained property and managed by a property manager. Appointments necessary.

Listed by MACDONALD REALTY INTERIOR

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Data Source: Statistics Canada
THE DATA PROVIDED SHOULD BE USED AS A GUIDE ONLY. FOR UP TO DATE REFERENCE MATERIAL, CONSULT WITH INDIVIDUAL REGIONAL WEBSITES.
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About

MICAH HUDSON
Micah is a full-time, professional real estate negotiator who helps home buyers and sellers make the best financial and lifestyle investment possible. As a research specialist of over 15 years, her data-informed approach helps people make these significant decisions with confidence and clarity. As a resident of the Okanagan for over 10 years she is well informed about both risks and opportunities in this region.

Buying or selling a home is a very personal, often emotional decision. As a wife and mother of four, Micah has learned patience, perseverance, understanding and great communication; these are the essential qualities she exercises in every relationship.

Micah has always been an entrepreneur with a love for business; in 2011 she co-founded an insulation company which experiencing tremendous growth year after year. She remains personally involved in the venture which continues to thrive in the Okanagan’s booming construction industry.

Don’t leave your real estate transaction to chance: call Micah Hudson and get her experience and skill working for you!
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