THIS 12 SUITE APARTMENT BUILDING, features 11 (2) Bedroom suites & 1 (1) Bedroom suite. FORECASTED INCOME W/ 10% VACANCY RATE WILL BRING IN OVER $100,000/YEAR IN GROSS INCOME! 3% Net Cap rate, based on asking price. Feb-2019 to Jan-2020 gross income at $86,172.00. 2 commercial coin-op washers & dryers. Expenses have been higher than average over the past several years, due to the many upgrades to suites. NEW CARPET, NEW LINOLEUM, FRESH PAINT IN MANY OF THE SUITES, NEW BATHS & more. Not to mention, Roof just resurfaced w/rubber membrane roofing in November of 2019 ($20,000) 6 units are currently Vacant due to renovation work, but are filling up slowly with new rent rates and longer terms. Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has one designated stall w/ power plug in. Visit REALTORS® website for more details. (id:2493)More details
ATTENTION ALL INVESTORS!!! Property not to be missed in the beautiful City of Red Deer within close proximity to all amenities and transit system and Bower Ponds w/ walking trails. All 4 units are fully rented. This unit is located across from a spacious green space complete with a playground for the children to enjoy year round. There is a an elementary school within walking distance of this unit as well. There is so much to offer the savy investor in today's marketplace. 24 hour notice is needed before viewing this well maintained 4 plex in Oriole Park. (id:2493)More details
Data was last updated January 24, 2020 at 05:15 PM (UTC)
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