Multi Family

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505 SECOND Street
Out of Town No City Value V1L 5P2

$8,000,000
Multi-Family Commercial

Main Photo: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
Photo 1: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
Photo 2: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
Photo 3: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
Photo 4: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8049010
Build. Type:
Low Rise (2-4 stories)
Rare investment opportunity! 60-unit apartment building in beautiful Nelson, BC. Situated just minutes from schools, shopping, recreation, healthcare amenities, and more! Ideal location for tenants; potential for increased cash flow in the growing Kootenay region. Call your agent today for more details!
Sale Type:
Asset
Total space avail for lease:
36,000 sq. ft.
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
Name of Complex/Subdivision:
# Bldgs:
1
# Units:
61
# Other Units:
# of Appartments:
61
# of Studio Appartments:
0
# of Penthouse Appartments:
0
# of Bachelor Appartments:
0
# of 4+ Bedroom Appartments:
0
# of 1 Bedroom Appartments:
8
# of 2 Bedroom Appartments:
53
# of 3 Bedroom Appartments:
0
# Storeys:
4.0
Year built:
1973 (Age: 50)
Total Floor Area:
36,000 sq. ft.
Lot Area:
3,600 sq. ft.
Lot Depth:
120
Lot Frontage:
300'
Land Use/Zoning:
R2
Permitted Use:
Residential
Taxes:
$42,120 / 2022
Balconies, Elevator Passenger
# Elevators:
1
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
Env Assmt Phase:
No
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Net Operating Income:
Tot Gross Sales:
Condo Fee:
Previous Price:
Original Price:
  • Photo 1: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
    Photo 1 of 4
  • Photo 2: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
    Photo 2 of 4
  • Photo 3: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
    Photo 3 of 4
  • Photo 4: 505 SECOND Street in No City Value: Out of Town Multi-Family Commercial for sale in "VALHALLA APARTMENTS" : MLS®# C8049010
    Photo 4 of 4
Listed by Keller Williams Elite Realty
Data was last updated February 9, 2023 at 04:40 AM (UTC)
Bruce Long CCIM, FRI, PREC
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