5202 51 Avenue, Castor, AB - MLS # CA0115403

5202 51, Castor, AB T0C 0X0

Quick Summary

Price
$399,777
Type:
Multi-Family
Sub Type:
Sevenplex
Title:
5202 51 Avenue
Possession:
Immediate
Tax Amount:
2920 / 2014

Lot Summary

Lot Width:
200
Lot Depth:
115
Lot Units:
23000 Sq Ft
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Rental Summary

Number of Units:
7
One Bed Units:
3
Two Bed Units:
4
Annual Operating Expense:
14955
Gross Scheduled Income:
51300

Building Summary

Year Build:
1959
Construction Material:
Concrete Block,Frame - Wood
Foundation Details:
Concrete,Full Basement
Roofing:
Metal
Flooring:
Vinyl Plank
Heating:
Baseboard heaters,Natural Gas
Heating Fuel:
Natural Gas
Flooring:
Vinyl Plank
Fire Prevention:
Alarm - Automatic,Smoke Detectors

Building Features

Exterior Features:
Deck
Inclusions:
Fridge X7, Stove X7, Coin Operated Washer, Coin operated Dryer

Parking Features

Parking Total:
7
Features:
Off Street Parking,Rear Parking,Parking - Plug-In

Property Description

County / Parish: Paintearth, County, Alberta
Zoning: R2

-Cherry Building- FULLY RENTED!
$50,400 in anticipated rent. No better time in history to invest. Interest rates are sooo low! This 7-unit residential apartment building has had over $100,000 WORTH OF QUALITY IMPROVEMENTS JUST COMPLETED! No stress for you. 6.1% Cap Rate. Great location close to school, downtown, green space. Includes the extra lot to the south. Great for expansion or extra parking. There are 4-two bedroom apartments and 3-one bedroom apartments. 6 units are rented, (4) 2 bedrooms and (1) 1 bed room. Rent roll $650,$625,$625,$675,($550),$575,$575 all on one year leases, Tenants pay their own electric. LIVE IN PROPERTY MANGER already in place. It’s a great property isn’t it! Shouldn’t it be yours?

Listed By Realty Executives Alberta Elite

Map

Walk Score

Financial Summary

Electric Expense:
1536
Insurance Expense:
2307
Maintenance Expense:
1385
Other Expense:
4195
Gross Scheduled Income:
51300
Total Actual Rent:
52380
Total Annual Operating Expense:
14955

Agent on Duty


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