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4612 38 Avenue Close, Ponoka, AB - MLS # CA0154732

4612 38, Ponoka, AB T4J 1T1

Quick Summary

Price
$1,735,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
4612 38 Avenue Close
Possession:
Negotiable
Tax Amount:
11613 / 2018

Lot Summary

Lot Units:
1 Acres
Lot Shape:
Irregular

Rental Summary

Number of Units:
21
One Bed Units:
8
Two Bed Units:
10
Annual Operating Expense:
54385
Gross Scheduled Income:
182520

Building Summary

Year Build:
1978
Construction Material:
Mixed
Foundation Details:
Concrete
Heating:
Boiler
Heating Fuel:
Natural Gas

Building Features

Inclusions:
2 common washer and dryers, 21 fridges, 21 stoves.

Parking Features

Parking Total:
27
Features:
Off Street Parking,Parking - Plug-In,See Remarks

Property Description

County / Parish: Ponoka County, Alberta
Zoning: R-4

Great opportunity to own an apartment building in the growing town of Ponoka. This apartment is currently 100% occupied and consists of 21 units ( 3 – Bachelor Units, 8 – 1 Bedroom Units and 10 – 2 Bedroom Units). Building and Land Info: Updated Appliances in All Suites, New paint/carpet and/or laminate in most units over the last few years, New carpet and paint throughout common areas, New Roof over Entryways, Coin Operated Laundry ( 2 Washers, 2 Dryers) (Currently not utilized as income generator, but did generate around $4,200.00/year previously), Secure Entrances (Buzzer System), New Hot Water Tank (2015) , New LED lights in All Hallways, 27 Parking Stalls, 23 of Which Are Energized, Overlooks Natural Reserve Land, Located in Quiet Cull De Sac Steps Away From Rotary Park & Ponoka Golf Club, NOI: 122,367.73

Listed By Century 21 Advantage Commercial

Map

Walk Score

Financial Summary

Trash Expense:
2584
Insurance Expense:
2592
Gross Scheduled Income:
182520
Laundry Income:
4200
Total Annual Operating Expense:
54385

Agent on Duty


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