1101 14 ST -
Aspen Apartments is a 20 unit, 4 storey building in an excellent location in the town of Wainwright, AB. Exceptional suite mix of 5 one bedroom, 15 two bedroom units. All units have walkout patios or balconies and are very large and well kept. The building is in excellent condition and current owner is the second owner, having bought from the original builder. Being sold individually or preferred as a package with Fairview Apartments as well (506-16 St). NOI estimated at $126,650. Asking price is 7.75% cap rate with vendor open to VTB 2nd mortgage, negotiable with offers. Detailed package available with confidentiality agreement signed.