1211 Front Street, Revelstoke, BC
HM Commercial Group is pleased to present this valuable opportunity to acquire an income producing multi-family building in Revelstoke, BC. Rivers Edge offers significant benefits, including:
List Price: $5,850,000
Cap Rate on 2016 Net Income: 6.5%
Cap Rate on 2017 Proj’d Net Income: 8.6%
The property is offered via conduct of sale through the 2nd mortgage holder. All offers must be accompanied by a Schedule A, and are subject to court approval once a Buyer has removed its conditions. The property is offered for sale on an as is where is basis.
|Municipal Address||1211 Front Street, Revelstoke, BC|
|Legal Description||Parcel B (Sec L6349) of Plan 9504, Block 5, Section 34, Township 23, Range 2, KLD|
|Location||Well located in Revelstoke, just a short distance from the Downtown Core, overlooking the river with fantastic views.|
|Building Area||33,639 SF|
|Land Area||0.76 acres|
|Parking||68 underground parking stalls|
|Zoning||R-4, High Density Residential|
E. & O. Insurance The information contained herein is assumed to be correct but is not guaranteed by the Listing Agent or Publisher and should be verified.