$1089000 / 21113ft² - Apartment Complex in Edmonton, Alberta

5141-46 Ave Vegreville, Alberta



















EASY MONEY. It just doesn't get any better than this. The sellers have owned this well-located building across from schools for approx. 20 plus years. In that time they have meticulously maintained and upgrades this building. It would be easier to list what isn't upgraded. All you have to do is buy it and collect rent. Even the non-upgraded suites look like new. Plus in the last couple of years add new siding, new high-efficiency boiler, new second HWT and Maytag commercial washers and dryers. Through the careful selection of tenants, the building has been well cared for and is in tip-top condition. BONUS the property has been condominiumized at the seller's expense. Whenever you feel the market is best, sell the individual units for a tidy capital gain. Buildings in Edmonton are selling at capitalization rates below 6%. Use your money wisely, shop in growing Vegreville and get 7% cap rates.







MLS# E1020759
$1,089,000
Bed, Bath
5141-46 AveVegreville Alberta, T9C 1


Gerald G Tostowaryk
EXIT REALTY SOLUTIONS
7809622444