Summerland Motel & Apartments

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Overview

Being offered is this unique investment opportunity with two diversified income streams.

This offer consists of the Summerland Motel which has 31 motel units and the Sunoka Apartments which has 25 rental suites.

These two properties are adjacent to each other and are on separate titles. Each property has its own access, there is a gate between the properties for emergency access.

In 2021 the current owners redeveloped an existing motel into a motel and an apartment complex, the result is two independent businesses, owned by one company. If you are looking for an Okanagan opportunity with exceptional cash flow, this is well worth adding to your list!

Details

Total units: 31 Motel Units, 25 Apartment Rentals

Lot Size/Acres: 1.376 Acres Total

Water Service: Municipal

Wastewater Service: Municipal

Asset Sale: No

Residence:

Restaurant: No

Taxes: $42,115

Year Built:

RV Sites: No

Zoning: CH & RHD

Kitchen Units: 4 Kitchen, 5 Kitchenettes Motel

Land and Building: Yes

Share Sale: Yes

Waterfront: No

Listing Locataion:

Sale Type:

Category:

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