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$ 750,000
Est. payment | /mo
6,864 SqFt
$ 750,000
Est. payment | /mo
6,864 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,864 sqft
Price per Sqft $109
MLS® Listing ID A2182955
Originating Board Grande Prairie & Area Association of REALTORS®
Year Built 2009
Property Description
Your chance to become a commercial owner of a METICULOUSLY maintained 6-plex in a city with LIFT potential as Alberta continues to set migration records. Rental market in Fairview is extremely busy right now! This property is currently rented as an adult only/pet restricted building, with all units generating $1150/month + utilities. If you are looking for a solid building to park your money, there is no better property in terms of build quality and current condition than this one. This property is listed at $50,000 below appraised value... PER UNIT! Each unit has an above ground one-car garage, amazing sound proofing, and HVAC/laundry in-unit. Enjoy gas fireplaces, balcony's on each unit, open-concept, stainless appliances, and master ensuites. 3 units are 2 bed, 2 bath, and 3 units are 1 bed 1 den, 2 bath. Condo fees are $300/month per unit (included in rent) and cover security, water, sewer, garbage, lawn care, exterior maintenance, and reserve fund contribution. The building has 30 year shingles! Fairview is a community that hosts 3 schools, a polytechnic university, hospital, seniors lodge and much more. All apartments are rented with the exception of one for showing purposes. Measurements are as per Condo documents. This is an attractive investment at $6900/month gross rent + utilities on a $750,000 purchase price. (id:24570)
Location
Province AB
Exterior
Parking Features No
Fence Not fenced
Community Features Pets Allowed With Restrictions, Age Restrictions
View Y/N No
Total Parking Spaces 10
Private Pool No
Listed by Grassroots Realty Group Ltd.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "