Multi Family

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1755 RIVERSIDE Avenue
Out of Town No City Value V1R 3Z3

$2,188,700
Multi-Family Commercial

Main Photo: 1755 RIVERSIDE Avenue in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8051198
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
C8051198
Build. Type:
Low Rise (2-4 stories)
Macdonald Commercial is proud to present a unique opportunity to acquire a well maintained 22-unit apartment building in Trail, BC. The property offers plenty of upside in rental income. Built in 1930, the property offers an 18-unit 3-storey building and a 4-unit 3-storey building. The property features a torch-on roof and vinyl seal windows. Building 1 offers 600-amp electrical service while Building 2 offers 200-amp electrical service. Trail is home to Teck Resources, one of the largest employers in the region. In addition, RED Mountain Ski Resort in Rossland is just a short drive away. Here is the exciting opportunity to own a rental building in the growing West Kootenay region with rental income upside!
Sale Type:
Asset
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multiple Tenant/Multi-Plex (5+)
Name of Complex/Subdivision:
# Other Units:
# of Appartments:
22
# of 1 Bedroom Appartments:
20
# of 2 Bedroom Appartments:
2
Year built:
1929 (Age: 95)
Total Floor Area:
19,200 sq. ft.
Lot Area:
7,962 sq. ft.
Land Use/Zoning:
R7
Permitted Use:
Multifamily (5+)
Taxes:
$8,116 / 2021
Water Supply:
Municipal
Roof:
Sewer Septic:
Municipal/Community
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: 1755 RIVERSIDE Avenue in No City Value: Out of Town Multi-Family Commercial for sale : MLS®# C8051198
    Photo 1 of 1
Listed by Macdonald Commercial Real Estate Services Ltd.
Data was last updated March 1, 2024 at 02:10 PM (UTC)
Bruce Long CCIM, FRI, PREC
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