Multifamily Dwellings for Sale in Peace River, Alberta $1,800,000

View website

Details

Photo Gallery

Peace River (Alberta, CA - T8S1C1)

$1,800,000

Virtual Tour

Request More Info

Mortgage Calculator

Show Map

Email Listing

Schedule A Showing

More Photos »

Peace River Town and Country Realty

Andy Gauvreau

(780) 624-1300(Office)

(780) 618-5757(Cell)

(888) 406-4077(Fax)

Email Andy

Details

Address: 7916 99 Street, Suite 101-405

Type: Multifamily

Style: Low-Rise(1-4) "Apartment, Multi-Family, Low Rise (2-4 stories)"

Garage: "Parking: Off Street, Parking Lot, Paved, Plug-In, Stall, Total Parking: 24"

Size: 20,280 sq. ft.

Year Built: 1976

MLS® #: A2021056

Description

This is a 24 unit apartment building with an electrified parking stall for each unit. There are 4 three bedroom units, 12 two bedroom units and 8 one bedroom units. Rents range from $1350 for a furnished unit to $750 for the smallest one bedroom - the average rental rate is $990 per unit. Renovations have been ongoing since these owners purchased the building with most units now renovated - there are two renovated units vacant currently and 4 units in the process of been renovated with the expectation renovations will be completed in the next few months. The landlord is very particular and will lease the units once a suitable tenant is found. Boiler was replaced in 2011 +/- , Commercial hot water tank replaced in 2013 +/-, Shingles replaced in 2018 +/- and the deck railings on the west side replaced with black aluminum and the east side to be completed this spring/summer. Once completely occupied this building will create revenue of approx $285,000 at current rents. Expenses approx $90,000 year over year to May 31 2022 with the building not completely occupied. Well maintained with regular renovations and updates done. - very good opportunity for the discerning investor

Highlights

▪ Interior Features: Flooring: Carpet, Laminate, Linoleum	▪ Exterior Finish: Foundation Details: Poured Concrete
▪ Heating: Boiler, Hot Water, Natural Gas, Radiant	▪ Inclusions: Existing Fridges, Ranges, Washers, Dryers, Window coverings
▪ Parking Features : Off Street, Parking Lot, Paved, Plug-In, Stall, Parking Total : 24	▪ Roof: Asphalt Shingle

P2#1382687483

Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA.

Seller Login