$805,000
$845,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/30/2022
Key Details
Sold Price $805,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Riverside Meadows
MLS® Listing ID A1229124
Sold Date 11/30/22
Originating Board Central Alberta
Year Built 1976
Annual Tax Amount $7,865
Tax Year 2022
Property Description
"Superb Revenue," Welcome to Cedar Wood Apartments. A fine 8 Suiter consists of 7-2 bedroom suites, 1-1 bedroom suite.
Building is 100% tenanted. All suites are complimented with wood burning fireplaces. The parking pad located at the rear of the building has 8 energized parking stalls plus lots of street parking. The Roof was replaced in 2015, Boiler and Hot water tank were upgraded in 2010 with improvements completed over the years. The heating in the building is Glycol. Additional
Insulation was added to the attic in 2014. 4 balcony decks are just being repaired /replaced as needed . Building has
cameras. There is a separate laundry room which has one coin op washer and one coin op dryer. Common property, boiler room, laundry room can be shown anytime. Accepted Offer must be in place to view units as building is 100% tenanted.
Financials are available upon request. Offer fell due to Financing.
Location
Province AB
County Red Deer
Zoning R2
Interior
Heating Boiler, Natural Gas
Exterior
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Back Lane, Corner Lot, Near Shopping Center, Landscaped, Many Trees, Street Lighting, Near Public Transit, Treed
Foundation Poured Concrete
Sewer Public Sewer
Water Public
Structure Type Cedar,Wood Frame
Others
Restrictions None Known
Tax ID 75137856
Ownership Joint Venture
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