LOADING

5202 51 Avenue Castor, Alberta T0C 0X0

Baseboard Heaters

$399,777

-Cherry Building- FULLY RENTED! $50,400 in anticipated rent. No better time in history to invest. Interest rates are sooo low! This 7-unit residential apartment building has had over $100,000 WORTH OF QUALITY IMPROVEMENTS JUST COMPLETED! No stress for you. 6.1% Cap Rate. Great location close to school, downtown, green space. Includes the extra lot to the south. Great for expansion or extra parking. There are 4-two bedroom apartments and 3-one bedroom apartments. 6 units are rented, (4) 2 bedrooms and (1) 1 bed room. Rent roll $650,$625,$625,$675,($550),$575,$575 all on one year leases, Tenants pay their own electric. LIVE IN PROPERTY MANAGER already in place. It's a great property isn't it! Shouldn't it be yours? (id:24586)

Property Details

MLS® Number ca0115403
Parking Space Total 7
Plan 5868z
Property Type Other

Building

Basement Type Full
Constructed Date 1959
Construction Material Wood Frame, Concrete Block
Fire Protection Fire Alarm System, Smoke Detectors
Fireplace Present No
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Baseboard Heaters
Roof Material Metal
Roof Style Unknown
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Irregular 0.53
Size Total 0.53 Ac
Size Total Text 0.53 Ac
Zoning Description R2

Utilities

http://www.icx.ca/PropertyDetails.aspx?PropertyId=18662986

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Bryce Kander
Associate

(403) 342-4455
(403) 347-9592

Realty Executives Alberta Elite
123, 5301 - 43 Street
Red Deer, AB T4N 1C8

(403) 342-4455
(403) 346-8485
www.realtyexecutivesalbertaelite.com

Penny Kander
Associate

(403) 342-4455
(403) 346-8485

Realty Executives Alberta Elite
123, 5301 - 43 Street
Red Deer, AB T4N 1C8

(403) 342-4455
(403) 346-8485
www.realtyexecutivesalbertaelite.com

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