$ 399,777

5202 51 Avenue, Castor, AB, T0C 0X0

Listing ID# CA0115403
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$ 399,777

  • 5202 51 Avenue
    Castor, AB T0C 0X0
  • Listing ID CA0115403
  • Building Type: Multi-Family
  • Land Size: 23000.00 Sq Ft
  • Status: For Sale/Active
  • Days on Market: 150
  • Tax Year: 2014
  • Taxes: $2,920.00
  • Age of Building (yrs): 59
  • Parking Type: Off Street Parking; Parking - Plug-In; Rear Parking
  • Garage: 0.0
  • Heating: Natural Gas, Baseboard heaters
  • Utilities: Sewer: Municipal
  • Construction: Concrete Block, Frame - Wood
  • Exterior: Deck
  • Flooring: Vinyl Plank
  • Roofing: Metal
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Property Description

-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?

Listing courtesy of Realty Executives Alberta Elite


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