541 Main Street Street, Falher, AB - MLS # CA0105295

541 Main Street, Falher, AB T0H 1M0

Quick Summary

Price
$130,000
Type:
Multi-Family
Sub Type:
Full Duplex
Title:
541 Main Street Street
Possession:
Immediate
Tax Amount:
2647 / 2016

Lot Summary

Lot Width:
104
Lot Depth:
188
Lot Shape:
Standard

Rental Summary

Number of Units:
2
Annual Operating Expense:
9074
Gross Scheduled Income:
19800

Building Summary

Construction Material:
Wood
Foundation Details:
Concrete
Roofing:
Shingle - Asphalt
Heating:
Furnace - Forced Air - 1
Heating Fuel:
Natural Gas

Building Features

Garages:
1

Parking Features

Parking Total:
2
Features:
Garage - Detached

Property Description

County / Parish: Smoky River, MD of (#130), Alberta
Zoning: GC

Great property on the main Drive going into the Town of Falher adjacent to the Ford Dealership. Falher is the main trading area for Agriculture, Oil and Gas, Amenities and service business. Falher has always held its own and has a consistent growth pace, not fast but always Consistent. The property has a good Cap Rate at 10%, this does not include the vacant lot that makes up for a big portion of this property. The town presently does not have a public after Hours Debit Card Fuel station. This is something desperately needed in the area. Also a used RV/Automotive/Equipment dealer would do very well on this lot. The lot was originally used for gravel and landscaping product sales which would work well on this spot. This is a very solid Building and the owners have done numerous renovations since having taken over the property. Tenants have also been in the building for a good period of time and sounds like they will both be staying for a while yet.

Listed By Marc Aubin & Associates

Map

Walk Score

Financial Summary

Electric Expense:
2988
Insurance Expense:
2000
Gross Scheduled Income:
19800
Total Annual Operating Expense:
9074

Agent on Duty


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