Our Agents' Commercial Listings

Courtesy of Constantin J Zanoaga of Coldwell Banker Venture Realty

10803 97 Avenue
Westlock Westlock T7P 1R3

$4,200,000
Multi-Family Commercial

Main Photo: 10803 97 Avenue: Westlock Multi-Family Commercial for sale : MLS®# E4177610
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4177610
Build. Type:
Low Rise (2-4 stories)
Less than a forty minute commute from St. Albert, within the safe and growing town of Westlock lies your chance to own a pristine thirty tenant building. Sixteen two bedroom, and fourteen one bedroom apartment units totaling about 22,400 square feet. Projected monthly income of thirty thousand. Two-bed units include laundry in-suite, and coin operated laundromat for the one bedroom tenants. Natural gas boiler system heats the floors on all the levels. Spacious manager's office with window on main. No need to take the stairs as this project has a top notch elevator. Handy exterior storage sea can be used for maintenance equipment, and it has been tastefully suited to match the buildings exterior. Over half an acre site, one year leases, no pets, no smoking, and no barbecue rules enforced. Professionally managed. Fifty no maintenance, all concrete, parking stalls. Building completed in 2012. Potential 40 year amortization financing though CMHC conditional to buyers credit available.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
30
Tot Pkg Spaces:
50
# Storeys:
4.0
Year built:
2007 (Age: 13)
Total Floor Area:
0.51 acre(s)
Lot Area:
0 sq. ft.
Land Use/Zoning:
Res-Multi-Family
Plan:
4183HW
Title to Land:
Fee Simple
LINC Number:
0030583822
Num. of Parcels:
1
Cap Rate %:
4.5
Gross Operating Income:
$360,000
Other Income:
$0
Effective Gross Income:
$0
Net Operating Income:
$0
Total Oper. Expenses:
$0
Tot Expenses:
$0
Days on Mkt:
171
Entry date:
Oct 21, 2019
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Data was last updated April 6, 2020 at 02:30 AM (UTC)
Constantin Jr. Zanoaga
Contact Us:
Office: 780-483-0601
Coldwell Banker Venture Realty
201, 10114 - 156 Street NW
Edmonton AB T5P 2P9 CA
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.