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. Theres 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:38686)