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$ 1,599,000
Est. payment | /mo
8,488 SqFt
$ 1,599,000
Est. payment | /mo
8,488 SqFt
Key Details
Property Type Multi-Family
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Approx. Sqft 8488.0
Square Footage 8,488 sqft
Price per Sqft $188
Subdivision Parkvale
MLS Listing ID A2258892
HOA Y/N No
Year Built 1978
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Row/Townhouse
Property Description
An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.
Location
Province AB
Zoning R-D
Interior
Fireplace No
Appliance Electric Stove, Refrigerator, Washer/Dryer
Exterior
Total Parking Spaces 8
Garage No
Building
Lot Description Square Shaped Lot
Dwelling Type Other
Story Two
Level or Stories Two
Others
Restrictions None Known
Listed by Grand Realty
