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38 Wildrose Street, Rural Lacombe County, AB - MLS # CA0159075

38 Wildrose, Rural Lacombe County, AB T4L 1Y4

Quick Summary

Price
$679,900
Type:
Commercial
Sub Type:
Residential Units
Title:
38 Wildrose Street
Possession:
30 Days / Neg,Subject To Tenancy
Tax Amount:
1714 / 2018

Lot Summary

Lot Width:
75
Lot Depth:
254
Lot Shape:
Standard
Water Source:
Well - Drilled

Rental Summary

Annual Operating Expense:
10295
Gross Scheduled Income:
49800

Building Summary

Year Build:
1960
Construction Material:
Exterior Walls 2'x6',Frame - Steel,Insulation - upgraded,Shingles,Siding
Foundation Details:
Concrete
Roofing:
Shingle - Asphalt
Utilities:
Electricity,Garbage Collection,High Speed Internet,Natural Gas,Septic System,Telephone,Well
Heating:
Baseboard heaters,Boiler,Hot Water

Building Features

Inclusions:
Stove x 5, Fridge x 5, Built in Dishwasher x 2, Built in Microwave x 3, Washer x 4, Dryer x 4, All Window Coverings, Garden Shed.

Parking Features

Parking Total:
8

Property Description

County / Parish: Lacombe County, Alberta
Zoning: Hamlet

Impeccable, immaculate, unbelievable opportunity. This property has been meticulously maintained. Located just south of Burman University in Rosedale Valley this unique 4 plex features 2 – 3 bedroom units and 2 – 2 bedroom units…beautifully renovated. Owner occupies the lower 3 bedroom unit. Massive mature lot and quiet locale. This property has its own water well (drilled in 2017..370 feet deep and bailed at 50 IPGM) and it’s own septic with field…new in 2011. It also has a 3 season fully heated office/shop building… with partial upper level, kitchen, shower, living/working area and workshop. The fourplex is a STEEL frame building renovated and updated. Main floor has 11 foot ceilings. Owner says it has always been easy to rent, and he has NO students renting… Lower level also has the utility room, featuring a well kept more recent boiler, 2 brand new (2018) hot water tanks, the power meters, and the Sat TV and Internet Wifi. Owner currently includes wifi access and Bell satellite TV with rent. CAP rate is a solid 5%. This is a fantastic opportunity… property shows exceptionally.

Directions:
From intersection of 58 ST and Hwy 12 in Lacombe...north on 58 to the "Rosedale Valley" sign..turn right and follow road around to listing..From BERMAN University..south out of university property...
Listed By Century 21 Advantage

Walk Score

Financial Summary

Trash Expense:
970
Electric Expense:
3576
Insurance Expense:
2459
Maintenance Expense:
736
Gross Scheduled Income:
49800
Total Annual Operating Expense:
10295

Agent on Duty


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