Courtesy of Wendy Hamel, RE/MAX River City
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(780) 819-2615Listing Description
14 UNITS + MANAGER'S SUITE - IN SEDGEWICK, ALBERTA ~ 1 hr & 45 min. East from Edmonton, 55 minutes to Camrose or 10 min. to Killam. Suite makeup comprises 12 - 1 Bdrms. and 2 - 2 Bdrms. + a 2 Bdrm. Manager's unit. Many recent renovations this year in multiple units incl.; floors, kitchens, bathrooms, toilets, plumbing, and most lighting changed to LED to reduce power costs. Other updates include roof (2016) and windows (2003). Coin-op laundry available, energized parking stalls, detached garage for maintenance equipment & supplies. Boiler is old, but has been well maintained. Public school and playground is right across the street. Many long term tenants with low vacancy. A solid and smart opportunity for an investor looking to easily self manage with fantastic cash flow and a strong CAP rate of 7.7% (not including any annual debt service) with the potential to increase.
Key Details
| MLS® Number: | E4445092 |
|---|---|
| Property Type: | Multi-Family Commercial |
| Year Built: | 1947 |
| Neighbourhood: | Sedgewick |
| Zone: | Zone 80 |
| Bedrooms: | 0 |
| Bathrooms: | |
| Fireplace: | No |
| Exterior: | See Remarks, Wood Frame, Other |
| Roofing: | Asphalt Shingles |
| Construction: | See Remarks, Wood Frame, Other |
