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7 Northstar Drive, Lacombe, AB - MLS # CA0154268

7 Northstar, Lacombe, AB T4L 1C6

Quick Summary

Price
$1,500,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
7 Northstar Drive
Possession:
Negotiable
Tax Amount:
12938 / 2018

Lot Summary

Lot Width:
341
Lot Depth:
125
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Rental Summary

Number of Units:
17
Two Bed Units:
3
One Bed Units:
11
Two Bed Units:
3
Annual Operating Expense:
70233
Gross Scheduled Income:
136645

Building Summary

Year Build:
1977
Construction Material:
Frame - Wood,Stucco
Foundation Details:
Concrete
Roofing:
Shingle - Asphalt
Flooring:
Carpet,Linoleum
Heating:
Baseboard heaters,Boiler
Heating Fuel:
Natural Gas
Flooring:
Carpet,Linoleum
Fire Prevention:
Fire Extinguishers,Smoke Detectors

Building Features

Exterior Features:
Balcony,Patio
Inclusions:
17 fridges, 17 stoves, 2 commercial washers, 2 commercial dryers, 2 garden sheds

Parking Features

Parking Total:
20
Features:
110 Volt Wiring,Front Parking,Parking - Plug-In,Parking Space(s),Visitor Parking

Property Description

County / Parish: Lacombe County, Alberta
Zoning: R2

Nicely Maintained Apartment Complex in Lacombe on a quiet street across from the Park with a brand new playground. The building was built in 1977 and includes 3 bachelor units, 11 one bedroom units and 3 two bedroom units. Many suites have been refreshed with paint and flooring. Hot water tank is 4 years old and has a newer boiler. Large assigned surface parking with plug-ins. Very low vacancy and stable tenants. On site manager also lives in the building. Easy access to downtown and University and on the bus route. Coin operated washers and dryers on the main floor as well as tenant storage space. Exterior includes 2 outdoor sheds. Professional Property Management maintains the building with weekly checks of all systems and repairs.

Listed By The Property Shop Inc.

Map

Walk Score

Financial Summary

Electric Expense:
4141
Heating Expense:
6056
Insurance Expense:
4775
Maintenance Expense:
9815
Professional Management Expense:
7016
Net Operating Income:
64747
Gross Scheduled Income:
136645
Laundry Income:
2880
Total Actual Rent:
136645
Total Annual Operating Expense:
70233

Agent on Duty


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