1801 Chapman Street Merritt, British Columbia V1K 1R6
$1,749,900
Discover 1801 Chapman Street in Merritt, BC — a fully rented 18-unit multifamily property generating approximately $204,000 in gross rental annual income. Formerly operated as a motel, this C-2 zoned property has been converted into long-term residential rentals and offers a rare blend of steady cash flow and future upside. Located just steps from downtown, tenants enjoy walkable access to shops, services, and transit. The building includes a shared coin laundry and on-site parking, with several units already updated. There’s significant value-add potential through further renovations and improved management, allowing new ownership to increase revenue over time. Merritt is a growing hub in the Southern Interior with strong rental demand, low vacancy, and improving economic fundamentals — making it an increasingly attractive destination for real estate investors. If you're looking for an affordable, income-generating asset with redevelopment potential and long-term growth, reach out today for more information. (id:46156)
Property Details
| MLS® Number | 10351721 |
| Property Type | Multi-family |
| Neigbourhood | Merritt |
Building
| Constructed Date | 1975 |
| Heating Type | No Heat |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Irregular | 0.72 |
| Size Total | 0.72 Ac|under 1 Acre |
| Size Total Text | 0.72 Ac|under 1 Acre |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/28462080/1801-chapman-street-merritt-merritt
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June 13 2025 12:03:33
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RE/MAX Real Estate (Kamloops)
