$1,995,000
$1,950,000
2.3%For more information regarding the value of a property, please contact us for a free consultation.
20,435 SqFt
SOLD DATE : 08/02/2024
Key Details
Sold Price $1,995,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,435 sqft
Price per Sqft $97
Subdivision Avondale
MLS® Listing ID A2145057
Sold Date 08/02/24
Originating Board Grande Prairie
Year Built 1981
Annual Tax Amount $30,074
Tax Year 2024
Lot Size 0.460 Acres
Acres 0.46
Property Description
Opportunities like this don't come around often, so don't miss your chance to own a well-maintained, 24-unit multitenant
building in the heart of Grande Prairie. The property has been meticulously maintained over the years, ensuring that investors can
acquire a turnkey investment without worrying about significant immediate maintenance expenses. The property consists of 12 two-bedroom units and 12 one-bedroom suites, providing a total of 24 rental units. Grande Prairie boasts a growing rental market, with vacancy rates dropping and rental rates increasing, making this property a must-see for any serious investor. The property includes 29 parking stalls and tenants each pay their own power and gas. The Landlord pays for water and common area expenses. This building presents an attractive investment opportunity for both local and regional investors looking to establish their presence in this thriving city. To book a showing or request more information, please call your local Commercial Realtor®.
Location
Province AB
County Grande Prairie
Zoning RM
Exterior
Total Parking Spaces 30
Building
Story 3
Others
Restrictions None Known
Tax ID 91977901
Ownership Other
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