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5202 51 Avenue - -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 great 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? (id:405)

Property Details

  • ID: ca0115402
  • Storeys: 0
  • Style: Other
  • New Construction: No
  • Status: Active
  • County: Canada

Features

Basement Type Full
Construction Material Concrete block, Wood frame
Farm Type Other
Fire Protection Fire alarm system
Foundation Type Concrete
Heating Type Baseboard heaters
Lease Per Unit square feet
Other Fireplace Present - False
Roof Material Metal
Sewer Municipal Sewage System
Transaction Type For sale
Listed By Realty Executives Alberta Elite