No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent.
Address
1-12, 5326 50 Avenue
List Price
$1,575,000
Property Type
Multi-Family
Type of Dwelling
Apartment
Area
Lacombe
Sub-Area
Downtown Lacombe
Floor Area
11,625 Sq. Ft.
Year Built
1981
MLS® Number
A2231941
Listing Brokerage
Century 21 Maximum
Postal Code
T4L 1C2
Zoning
R5