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1101 14 Street: Wainwright Multi-Family (Commercial) for sale : MLS(r) # E4037023

Courtesy of John W Carter of RE/MAX River City

1101 14 Street Wainwright T9W 1R7 : Wainwright

Main Photo: 1101 14 Street: Wainwright Multi-Family (Commercial) for sale : MLS(r) # E4037023
$1,635,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
E4037023
Status:
Active
Build. Type:
Multi Tenant/Multi Plex
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.
Transaction Type:
For Sale
Property Type:
Multi-Family (Commercial)
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex, Walk Up
# Units:
20
Tot Pkg Spaces:
27
# Storeys:
4.0
Year built:
1977 (Age: 40)
Total Floor Area:
Switch units of measure17,500 sq. ft.
Lot Area:
Switch units of measure0.59 acre(s)
Land Use/Zoning:
R3-Multi family
Plan:
1155AE
Title to Land:
Fee Simple
LINC Number:
0014982938
Num. of Parcels:
1
Cap Rate %:
7.75
Gross Operating Income:
$208,140
Other Income:
$3,500
Effective Gross Income:
$195,979
Net Operating Income:
$126,652
Total Oper. Expenses:
$69,327
Tot Expenses:
$69,327
Listing information last updated on 28-May-2017 5:08 AM
WAYNE PARADIS
Wayne Paradis -RE/MAX Realtor
Office:(780) 439-7000
Fax:(780) 439-7248
Toll Free:(800) 265-9518
Cell:780-953-9934
RE/MAX river city
100, 10328 - 81 Avenue NW
Edmonton, Alberta
T6E 1X2 Canada