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$1,575,000
Est. payment /mo
11,625 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 11,625 sqft
Price per Sqft $135
Subdivision Downtown Lacombe
MLS® Listing ID A2231941
Year Built 1981
Property Sub-Type Freehold
Source Central Alberta REALTORS® Association
Property Description
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. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Cooling None
Flooring Carpeted, Linoleum
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 18
Private Pool No
Building
Story 3
Others
Ownership Freehold
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Listed by Century 21 Maximum