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22,400 ft²
Multifamily
$4,190,000
Sale


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The Space
TypeProperty for sale
AvailableImmediately
Asking Price$4,190,000
Net Operating Income$7000.0

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The Building - Westlock Apartments

Less than a forty minute cruise from St. Albert, within the safe and growing town of Westlock lies your chance to own a pristine thirty tenant building. Sixteen two bedroom, and fourteen one bedroom apartment units totaling about 22,400 square feet. Projected monthly income of thirty thousand. Two-bed units include laundry in-suite, and coin operated laundromat for the one bedroom tenants. Natural gas boiler system heats the floors on all the levels. Spacious managers office with window on main. No need to take the stairs as this project has a top notch elevator. Handy exterior storage sea can included for maintenance equipment, and it has been tastefully suited to match the buildings exterior. Over half an acre site, one year leases, no pets, no smoking, and no barbecue rules enforced. Professionally managed. Fifty no maintenance, all concrete, parking stalls. Building completed in 2012. Potential 40 year amortization financing though CMHC conditional to buyers credit available.


Property TypeMultifamily
Floors3
Building Size22,400 ft²
ZoningRes-Multi-Family
Year Built2007
Parking Ratio448/1000sf

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