Dale Throndson

Direct: (780) 909-3253 |

My Office Listings

Courtesy of Parker A Parker of RE/MAX Elite

3809 52 Street
Lynalta Wetaskiwin T9A 1M5

$1,380,000
Multi-Family Commercial

Main Photo: 3809 52 Street: Wetaskiwin Multi-Family Commercial for sale : MLS®# E4409621
Photo 1: 3809 52 Street: Wetaskiwin Multi-Family Commercial for sale : MLS®# E4409621
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4409621
Build. Type:
Multi Tenant/Multi Plex
Welcome to this very solid and upgraded 12 suite apartment building in Wetaskiwin! With a great suite mix of 11 Two Bedrooms and 1 One Bedroom this is a great investment for a rookie or seasoned investor. With Wetaskiwin feeling increasing rental rates, it's poised for the new owners to have this building be a cash cow! The roof was totally redone in 2016 and ALL windows and balcony doors were done in 2019. All units have dishwashers. Some units are upgraded with vinyl plank flooring, and newer countertops. A well maintained building inside and out, could bring a very solid return for a new owner. With an influx of capital into Wetaskiwin in the recent years, welcoming a second Tim Hortons, a Starbucks, a Booster Juice and a Jysk furniture store to name a few...they do their research before entering a new market. It's time for you to invest a steady Eddie cashflow market. Priced at $115,000/door it gives an affordable price point with good upside for the future. Come take a look today!
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex
# Units:
12
Tot Pkg Spaces:
16
# Storeys:
2.0
Year built:
1982 (Age: 42)
Total Floor Area:
7,100 sq. ft.
Lot Area:
0 sq. ft.
Plan:
7621876
Title to Land:
Freehold
LINC Number:
0014480834
Num. of Parcels:
1
Cap Rate %:
5.1
Gross Operating Income:
$128,400
Other Income:
$1,600
Effective Gross Income:
$130,000
Net Operating Income:
$70,380
Total Oper. Expenses:
$59,620
Tot Expenses:
$59,620
Days On Website:
39 day(s)
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Data was last updated November 16, 2024 at 08:30 PM (UTC)
DALE THRONDSON
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.