Property
Type, style and structure
- Type
- other
- Style
- other / Detached
- Ownership
- Freehold
- Year Built
- 1975
+26 more
0.72 ac
Lot
1975
Year Built
Property Snapshot
Key details for this listing
MLS #10395075
Lot
Land, frontage and setting
- Lot
- 0.72 ac - 0.72
Costs
Price, taxes and monthly charges
About This Property
This other in Merritt offers a 0.72 ac lot. Built in 1975. The property has lot dimensions of 0.72. The home features electric heating.
MLS Remarks
1801 Chapman Street (2 titles) presents a premier acquisition opportunity for an occupied, 18-unit multifamily asset in the expanding Southern Interior hub of Merritt, BC, generating approximately $200,000 in gross annual rental revenue. Repositioned from a hospitality property under versatile C-6 zoning, this stabilized asset offers immediate, defensive cash flow paired with a distinct value-add profile. Strategically located steps from Merritt's downtown commercial core, the property benefits from high-walkability transit access, surface parking, common coin-operated laundry, and select renovated suites. New ownership is positioned to capture substantial rental upside and optimize Net Operating Income (NOI) through suite modernization and proactive asset management, all while capitalizing on the region's historically low vacancy rates, strong macroeconomic fundamentals, and long-term redevelopment potential. Updates include; roof in 2020 & 2021 fasteners replaced, seams caulked and resealed, vent flashing and trim replaced, new paint and guards, 100% sheet metal (no torch on present), 2020 new boiler & 2022 domestic hot water boiler added, 2020 to 2022 water lines were replaced with PEX, sewer line was replaced with ABS. Parking lot re-surfaced in 2021. Call the listing agent today for more information. Can be sold as either a share sale or asset sale. (id:60351)
Full Listing Details
Address1801 CHAPMAN Street
MLS#10395075
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market100
Common InterestFreehold
Annual Tax$21,016
Structure TypeOther
StyleDetached
Year Built1975
CityMerritt
ProvinceBritish Columbia
Postal CodeV1K1R6
Lot Size0.72 ac
Lot Dimensions0.72
HeatingElectric
RoofMetal, Unknown
ExteriorVinyl siding
SewerMunicipal sewage system
Water SourceMunicipal water
Annual Tax$21,016
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