Courtesy of Trent B Muller of Exp Realty
9811 99 Street
Westlock
T7P 1Y8
$655,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4407166
- Build. Type:
- Freestanding
- Photos (37)
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Great Opportunity!! Rental Investment! New metal standing-seam roof including eavestroughing in 2023. 6-plex with spacious suites. Huge suites demand more rent. 4 suites have approx 1144 sq.ft. per side (2-3 bedroom suites upstairs 2-2 bedroom suites down). 1209 sq.ft. up/down suites on the other end of the building. 2 bedroom suite with a dinette + 2 bedroom lower suite. 2 suites have a stacking washer/dryer in the suite. 4 suites share a laundry room in the basement with coin-op laundry. Suites rent at a rate of $875-925 per month each. Landlord pays natural gas and water for the 4 suites, power for the common area. Tenants pay utilities for the up/dn 2 suites on the east end of the building. All constructed by Volzke Construction. Backs onto the Rotary Trail. Very near to the arena, field house, fitness facility known as Westlock Rotary Spirit Centre. Lots of parking on paved rear lot. Almost always no vacancy. Westlock vacancy rate is very low!
- Sale Type:
- Asset
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Bus Op Since:
- 1976
- Construction:
- Wood Frame
- Building Type:
- Freestanding
- # Units:
- 6
- Tot Pkg Spaces:
- 10
- # Storeys:
- 1.0
- Year built:
- 1981 (Age: 43)
- Total Floor Area:
- 3,495 sq. ft.
- Lot Area:
- 0 sq. ft.
- Heating Source:
- Natural Gas
- Plan:
- 7520545
- Title to Land:
- Freehold
- Section 1:
- 32
- LINC Number:
- 0015112353
- Services Connected:
- Cable, Curb; Gutter, Electricity, Fiber Optics, Natural Gas, Paved Streets, Sanitary Sewer, Sewer - Storm, Street Lighting, Sidewalk, City Water
- Water Supply:
- Municipal
- Sewer Septic:
- Municipal/Community
- Num. of Parcels:
- 1
- Cap Rate %:
- 7.5
- Gross Operating Income:
- $72,900
- Other Income:
- $200
- Effective Gross Income:
- $73,100
- Net Operating Income:
- $49,247
- Total Oper. Expenses:
- $23,653
- Tot Expenses:
- $49,247
- Days On Website:
- 20 day(s)
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Data was last updated October 8, 2024 at 04:30 PM (UTC)
- Trent Muller
- Exp Realty
- (780) 349-0381
- Contact by Email
Office Address:
10631B 100 Avenue
Westlock, Alberta, T7P 2J4