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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID E4445092
Year Built 1947
Property Description
14 UNITS + MANAGER'S SUITE - IN SEDGEWICK, ALBERTA ~ 1 hr & 45 min. East from Edmonton, 55 minutes to Camrose or 10 min. to Killam. Suite makeup comprises 12 - 1 Bdrms. and 2 - 2 Bdrms. + a 2 Bdrm. Manager's unit. Many recent renovations this year in multiple units incl.; floors, kitchens, bathrooms, toilets, plumbing, and most lighting changed to LED to reduce power costs. Other updates include roof (2016) and windows (2003). Coin-op laundry available, energized parking stalls, detached garage for maintenance equipment & supplies. Boiler is old, but has been well maintained. Public school and playground is right across the street. Many long term tenants with low vacancy. A solid and smart opportunity for an investor looking to easily self manage with fantastic cash flow and a strong CAP rate of 7.7% (not including any annual debt service) with the potential to increase.
Location
Province AB
Zoning Zone 80
Interior
Flooring Carpet, Lino, Vinyl Plank
Exterior
Roof Type Asphalt Shingles
Others
Tax ID 0010636777
Ownership Private
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Listed by Wendy Hamel • RE/MAX River City