$370,000
$389,900
5.1%For more information regarding the value of a property, please contact us for a free consultation.
3,505 SqFt
SOLD DATE : 05/05/2023
Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 3,505 sqft
Price per Sqft $105
Subdivision Vermilion
MLS® Listing ID A2021157
Sold Date 05/05/23
Style Low-Rise(1-4)
Originating Board Lloydminster
Year Built 1970
Annual Tax Amount $3,200
Tax Year 2022
Property Description
Well maintained revenue property located in Vermilion, Alberta. This is an excellent opportunity for investment into a very strong rental market in Alberta. This fully leased 6 plex is positioned near Lakeland College and the downtown core. Numerous upgrades have been completed recently including: flooring, paint, 3 newly installed in suite washer and dryer and also a shared common laundry room, new shingles, and new hot water tanks. The units are in great condition and this building is low maintenance and turnkey. The building is close to Lakeland College, restaurants, shopping and the downtown amenities. With great tenants in place and a 9% Cap Rate this is a strong return on investment. Property owner is a licensed realtor in the provinces of Alberta and Saskatchewan.
Location
Province AB
County Vermilion River, County Of
Zoning R5
Rooms
Basement Crawl Space, Partial
Interior
Interior Features Ceiling Fan(s), Laminate Counters, Separate Entrance
Heating Hot Water, Natural Gas
Flooring Wood
Appliance Refrigerator, Stove(s), Washer/Dryer
Exterior
Garage Assigned, Gravel Driveway, Parking Pad, Side By Side, Stall
Garage Description Assigned, Gravel Driveway, Parking Pad, Side By Side, Stall
Roof Type Asphalt Shingle
Total Parking Spaces 6
Building
Story 1
Foundation Poured Concrete
Architectural Style Low-Rise(1-4)
Level or Stories Single Level Unit
Structure Type Wood Frame
Others
Restrictions Call Lister
Tax ID 56937387
Ownership REALTOR®/Seller; Realtor Has Interest
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Agent | License ID: LDKATOCAN