$1,478,000

Investment For Sale In Olds, Alberta

$1,478,000

Property Information:

Fabulous location, walking distance to Olds College! Well maintained and managed, this property offers 2 - 4 plexes (2 bed, 1 bath units) on one title. Many capital cost expenditures done over the past 20 years: asphalt shingles - 15 years, windows and patio doors - 10 years, approx 6 of the 8 furnaces, hot water tanks as needed, electrical switches and outlets in 7 of the 8 units, decks redone, paint and flooring upgrades between tenancies. Each building features 2 main floor units, and 2 basement units. Photos are of 2 units when they were vacant, one main floor unit, and one basement unit. Building is fully occupied. 9 parking stalls, 8 of them energized. Tenants pay all utilities. Landlord pays garbage. Room to increase rents as some rents are below current market rates.

Inclusions: 8 fridges, 8 stoves, 8 washers, 8 dryers, shed

Building Features:

  • Total Finished Area: 3754.00

Property Features:

  • Built in: 1975
  • Floor Space (approx): 3754.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Forced Air, Natural Gas
  • Parking Features: Parking Pad, Plug-In
  • Roof: Asphalt Shingle
  • Zoning: R3
  • No. of Parking Spaces: 9

Courtesy of: Realty Experts Group Ltd

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
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