Courtesy of Gary Mah of Exp Realty
4943 CHALMERS Avenue
Swan Hills
T0G 2C0
$1,150,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4382071
- Build. Type:
- Low Rise (2-4 stories)
- Photos (43)
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MOTIVATED SELLER!! Own Copperstone Manor with a 9.61% Cap Rate with excellent cashflows. This 24 suite apartment building was significantly renovated in 2019 with new luxury vinyl plank flooring throughout the suites; new paint; new bathrooms; new kitchen countertop and tile backsplash; new fire rated doors throughout, upgraded LED lighting, and too much to list. There is an excellent mix of 18 One Bedroom plus 6 Two Bedroom suites. 19 suites are fully furnished with everything to create an Airbnb suite for increased cashflows. Great for workers at oil field sites, forestry, and locals. Each suite is individually metered for electricity. Boiler was installed in 2010 and is well maintained. The 35 year rated roof shingles were installed in 2008. On-site caretaker and helper. Don't miss this opportunity to get a fantastic cashflowing property!! NO VTB OR ASSUMABLE MORTGAGE. See REALTOR's website for more details.
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories), Walk Up
- # Units:
- 24
- Tot Pkg Spaces:
- 25
- # Storeys:
- 2.5
- Year built:
- 1980 (Age: 44)
- Total Floor Area:
- 10,249 sq. ft.
- Lot Area:
- 0 sq. ft.
- Plan:
- 6240MC
- Title to Land:
- Freehold
- LINC Number:
- 0012284220
- Flat Site, Playground Nearby, Paved Lot, Shopping Nearby, Back Lane, Low Maintenance Landscape, Schools
- Services Connected:
- Fully Serviced, Garbage Collection, Natural Gas, Telephone, Sanitary Sewer, Sidewalk
- Water Supply:
- Municipal
- Sewer Septic:
- Municipal/Community
- Num. of Parcels:
- 1
- Cap Rate %:
- 9.61
- Gross Operating Income:
- $274,140
- Other Income:
- $2,880
- Effective Gross Income:
- $235,467
- Net Operating Income:
- $110,487
- Total Oper. Expenses:
- $124,980
- Tot Expenses:
- $124,980
- Days On Website:
- 186 day(s)
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Data was last updated October 18, 2024 at 02:30 AM (UTC)
- Gary Mah
- Exp Realty
- 780-718-6926
- Contact by Email
Office Address:
10631B 100 Avenue
Westlock, Alberta, T7P 2J4