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$1,599,900 Sale
Listed 85 days ago
503-507 Ville Marie Drive
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· 14158
Key Facts
Key facts for 503-507 Ville Marie Drive
Property Type
Commercial, Residential Commercial Mix
Parking
Garage: No, 0 parking
MLS #
1287703
Size
14158 sqft
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1975
Maintenance Fee
-
Description
The Bayview is a well maintained 16 unit Apartment Building that consists of 8 two-bedroom and 8 three-bedroom apartments that have historically been occupied by local mining and fishery companies and include internet, utilities and furnishings including oven, refrigerator, washer & dryer. Property ...was built in the mid-1970's. Recent interior renovations have the property with an effective age of 15 years. The .57 acre lot is zoned "Residential Traditional Community" and backs onto the rocky coastline of Creston Inlet. Paved parking with some landscaping and a detached building used for main electrical service (800 amp main panel). 3576 sq ft on level one, two & three and 3430 sq ft in partially above ground basement for a total of 14,158 sq ft. Based on the current pro-forma statement, this property is projected to achieve a capitalization rate (CAP Rate) of 7.4%, reflecting its potential return on investment relative to the purchase price. (id:10452)
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Listing courtesy of: RE/MAX Infinity Realty Inc.
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