$ 320,000

31 3 Street, Falher, AB, T0H 1M0

Listing ID# CA0105311
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$ 320,000

  • 31 3 Street
    Falher, AB T0H 1M0
  • Listing ID CA0105311
  • Building Type: Multi-Family
  • Land Size: 0.00
  • Status: For Sale/Active
  • Days on Market: 293
  • Tax Year: 2016
  • Taxes: $2,808.16
  • Parking Type: Parking Space(s)
  • Garage: 0.0
  • Heating: Furnace - Forced Air - 1, Natural Gas
  • Construction: Wood
  • Roofing: Shingle - Asphalt
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Property Description

Up for offer is a fully rented 4 Plex in Falher. The owners have invested well over $100,000.00 in upgrades and improvements. This 4 Plex is located near both the K-9 Public school and K-12 Francophone school. The cap rate is calculated at 10% +/-. Falher is the main Trading area for the local Region. The town has all the main amenities, Dealers and services that take care of the Strong Ag Community. The area has also experienced a substantial increase in the Oil and Gas Industry over the past 10 years. Improvements completed on Four-Plex:-New siding & fascia on building -New cemented Covered Front Entry keyless Entry- Replaced windows on both lower apartments all bedrooms and kitchen windows including one living Room Bay window-Replace two apartments kitchen cupboards with custom made oak cabinets-New flooring installed in 3 Apartments-Common area Carpet replacedPainted common areaNew tub surrounds were installed in 3 apartmentsNew Hot water tank installed last month

Listing courtesy of Marc Aubin & Associates


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