31 3 Street, Falher, AB - MLS # CA0105311

31 3, Falher, AB T0H 1M0

Quick Summary

Price
$320,000
Type:
Multi-Family
Sub Type:
Fourplex
Title:
31 3 Street
Possession:
Immediate
Tax Amount:
2808 / 2016

Lot Summary

Lot Width:
67
Lot Depth:
150
Lot Shape:
Standard

Rental Summary

Number of Units:
4
Annual Operating Expense:
7340
Gross Scheduled Income:
35400

Building Summary

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

Parking Features

Parking Total:
4
Features:
Parking Space(s)

Property Description

County / Parish: Smoky River, MD of (#130), Alberta
Zoning: R3

Up for offer is a fully rented 4 Plex in Falher. The owners have invested well over $100,000.00 in upgrades and improvements. This 4 Plex is located near both the K-9 Public school and K-12 Francophone school. The cap rate is calculated at 10% +/-. Falher is the main Trading area for the local Region. The town has all the main amenities, Dealers and services that take care of the Strong Ag Community. The area has also experienced a substantial increase in the Oil and Gas Industry over the past 10 years. Improvements completed on Four-Plex:-New siding & fascia on building
-New cemented Covered Front Entry keyless Entry
– Replaced windows on both lower apartments all bedrooms and kitchen windows including one living Room Bay window
-Replace two apartments kitchen cupboards with custom made oak cabinets
-New flooring installed in 3 Apartments
-Common area Carpet replaced
Painted common area
New tub surrounds were installed in 3 apartments
New Hot water tank installed last month

Listed By Marc Aubin & Associates

Map

Walk Score

Financial Summary

Gross Scheduled Income:
35400
Total Annual Operating Expense:
7340

Agent on Duty


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