$1,600,000
$2,370,000
32.5%For more information regarding the value of a property, please contact us for a free consultation.
0.6 Acres Lot
SOLD DATE : 04/29/2024
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Drumheller
MLS® Listing ID A2092076
Sold Date 04/29/24
Originating Board Lloydminster
Year Built 1979
Annual Tax Amount $20,829
Tax Year 2023
Lot Size 0.597 Acres
Acres 0.6
Property Description
In the heart of the Canadian Badlands lies a great opportunity to acquire two 100% secured rental apartment investments located in the heart of Drumheller; one of Alberta’s most sought-after tourist destinations. With new industrial expansion and the installation of high-speed fiber optic internet for the ‘work-from-home’ employees, new investment to the development of the community is evident. Rare opportunity to acquire 29 multi family units. Excellent mix of suites. 11 One bedroom and 18 two bedroom suites. Definite opportunity to significantly increase income through a modest Capex program. Many suites have recent upgraded flooring paint and fixtures. Please refer to MLS A209024 for an additional 20 Unit multi family property just listed in Drumheller.
Location
Province AB
County Drumheller
Zoning R-4
Exterior
Total Parking Spaces 30
Building
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 85338062
Ownership Registered Interest
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