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63 Centennial Crescent: Swan Hills Multi-Family Commercial for sale : MLS®# E4069567

63 Centennial Crescent Swan Hills T0G 2C0 : Swan Hills

Main Photo: 63 Centennial Crescent: Swan Hills Multi-Family Commercial for sale : MLS®# E4069567
$840,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4069567
Status:
Active
Build. Type:
Multi Tenant/Multi Plex
This 12 suite apartment building is being sold with a 16 unit townhouse complex (MLS#E4069504) in the town of Swan Hills for a total asking price of $840,000. The apartment has 24 parking stalls (2 per unit), 2 washers & 2 dryers & the tenants pay their own power. Upgrades include cabinets, roof, some flooring and hot water heater. All 28 suites have a cap rate of 1.5% based only on the current rent rolls - not on potential rents.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex
# Units:
12
Tot Pkg Spaces:
24
# Storeys:
2.0
Year built:
1971 (Age: 47)
Total Floor Area:
Switch units of measure9,192 sq. ft.
Lot Area:
Switch units of measure0.58 acre(s)
Land Use/Zoning:
RM Res.Med Density Dist.
Lot Frontage:
Switch units of measure195'
Plan:
9524039
Title to Land:
Fee Simple
LINC Number:
0026505398
Num. of Parcels:
1
Cap Rate %:
5.0
Gross Operating Income:
$44,400
Other Income:
$0
Effective Gross Income:
$44,400
Net Operating Income:
$19,604
Total Oper. Expenses:
$24,796
Tot Expenses:
$24,796
Entry date:
Jun 17, 2017
Listing information last updated on June 28, 2018 at 08:30 PM (UTC)
Kim F Martin
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Continental Realty
Phone:(780) 674-2200
Fax:(780) 674-5933
CONTINENTAL REALTY
BOX 4280
Barrhead, Alberta
T7N 1A3 Canada
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.