Summerland Motel & Apartments

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!
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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