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The Affordable Business Partner. Providing affordable & innovative business buying & selling services in Alberta & Saskatchewan. How can we help you?
Opportunity to purchase a well kept 35 Unit Apartment located in a vibrant Central Alberta town.
Investment level $3,325,000.00
Building at a glance.
• Opportunity to increase revenue as the units are currently rented at various rates.
• The building offers 70 powered parking stalls (up to 3 vehicles/unit is included in the rent).
• Ongoing unit upgrade program, with a new torch roof (9 years) and a new boiler system (5 years).
• Electricity is separately metered and there is a coin laundry on site.
• Age Built in 1980
• Suite Mix One Bedroom 11 Two Bedroom 24
Scheduled Income $372,480
CAP rate 6.86
18 Suite Apartment Building
Investment level: 3,100,000
17 out of the 18 units are rented out. The average rent is $1,850 per month which covers tenant's rent, power, internet/Wi-Fi, heat, and water.
An independent appraisal of 3,200,000 was just completed on the property.
Financing may be available OAC. Please note. The owner of this building will guarantee in writing that the buyer of this property will enjoy a fully rented building for the first 2 years of ownership.
Interested parties must fill out a Buyer’s Profile before confidential and financial information is released.
For additional information regarding this business opportunity or our services visit
The Affordable Business Partner.com
Real Property Included
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