1-12, 5326 50 Avenue , Lacombe   ||   $1,575,000

DETAILS

MLS® NUMBER A2231941
BUILDING TYPE Apartment
PROPERTY CLASS Multi-Family
SQUARE FOOTAGE 11625 Square Feet
YEAR BUILT 1981
BASEMENT None
GARAGE No
TOTAL PARKING 18
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.
Listing Brokerage: Century 21 Maximum

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