Property Details

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Winners:

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Winners:

1-12, 5326 50 Avenue
Lacombe (A2231941)

$1,575,000
11,625 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent.

Property details

Basic Info

MLS® #
A2231941
Property Type:
Multi-Family
Subtype:
Apartment
Subdivision:
Downtown Lacombe
Price
$1,575,000
Sale/Lease:
For Sale
Size:
11,625 sq.ft.
Year Built:
1981 (44 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Parking:
Off Street
Fence:
Basement:
No
Inclusions:
Stove x 12, Refrigerator x 12, Hood fan, 1 shed, Coin operated washer and dryer x 2, alarm system, dumpster bin (on contract with Empringham disposal-can be assumed for cancelled)
Appliances:
Refrigerator, Stove(s)
Exterior Features:
None

Lot / Land Info

Zoning:
R5

Materials & Systems

Roof:
Tar/Gravel
Exterior:
Brick,Stucco,Wood Siding
Floors:
Carpet, Linoleum
Foundation:
Poured Concrete
Heating:
Boiler
Cooling:
None

Listing Info

Possession:
Immediate
Days on Market:
28
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Grassroots Realty Group Ltd.
1-833-477-6687

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