506 16 Street, Wainwright, AB, T9W 1R7

Listing ID# E4037026
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$ 3,260,000

  • 506 16 Street
    Wainwright, AB T9W 1R7
  • Listing ID E4037026
  • Building Type: Commercial
  • Stories: 4
  • Status: For Sale/Active
  • Days On Website: 173
  • Age of Building: 1976
  • Community: Wainwright

Property Description

Fairview Apartments is a 36 unit, 4 storey building in an excellent location in the town of Wainwright, AB. Exceptional suite mix of 15 one bedroom, 15 two bedroom and 6 three bedroom units. All units have walkout patios or balconies, and are very large and well kept. The building is in excellent condition and current owner is the second owner, having bought from the original owner. Being sold individually or preferred as a package with Aspen Apartments as well (1101-14 St). NOI estimated at $261,300. Asking price is 8.0% cap rate with vendor open to VTB 2nd mortgage, negotiable with offers. Detailed package available with confidentiality agreement signed.

506 16 Street, Wainwright, AB
506 16 Street
Listing courtesy of John W Carter ~ RE/MAX River City
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1101 14 Street, Wainwright, AB
1101 14 Street
Listing courtesy of John W Carter ~ RE/MAX River City
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