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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. A rent roll of all the units is available for you to look at. Most are 1 year leases, Tenants pay their own electric. PROPERTY MANGER already in place. It's a great property isn't it! Shouldn't it be yours?

Property Details

  • ID: CA0094805
  • Storeys: 0
  • Lot Area: 0.53 Acres
  • Style: Other
  • Parking Type Description: Other 0 cars
  • County: Canada
  • Status: Active
  • New Construction: No

Features

Basement Type Full
Construction Material Concrete block, Wood frame
Fire Protection Fire alarm system, Smoke Detectors
Foundation Type Concrete
Heating Fuel Natural gas
Heating Type Baseboard heaters, Boiler
Lease Per Unit square feet
Other Fireplace Present - False
Roof Material Metal
Sewer Municipal Sewage System
Transaction Type For sale
Listed By Realty Executives Red Deer