Realty Executives Alberta Elite
Courtesy of: Bryce Kander, Realty Executives Alberta Elite, 403-896-7331
$350,000
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Built in 1959
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Multi Family
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$350,000
5202 51 Avenue Who would like to own their own apartment building for the price of a city half duplex! This quality building is in an awesome location. Castor has everything a thriving town needs. They have a hospital, school, shopping and a swimming pool. THIS BUILDING IS FULLY RENTED and there is a waiting list! $50, 700 current rent per year. No better time in history to invest. This 7-unit residential apartment building has had over $120, 000 + WORTH OF QUALITY IMPROVEMENTS! No stress for you. 5.7% Cap Rate. Great location close to school, downtown, green space. There are 4-two bedroom apartments and 3-one bedroom apartments. 2 bedroom rents are $650, $600, $600 and $600. 1 bedroom rents are $650, $575 and $550; totalling $4, 225 a month. Tenants pay their own electric. Worlds best LIVE IN PROPERTY MANAGER already in place. It's a great property isn't it! Shouldn't it be yours? Please Note: This listing is being administered for auction by VPIAuctions. Sale terms: "Sold as is, where is"; "all sales are final"; 10% non refundable deposit upon being declared high bidder. Bidding starts Tuesday, January 31, 2023 at 9:00 am and ends approximately Friday, February 3, 2023 at 1:00 pm. See Listing Brokerage website for details.
Courtesy of: Bryce Kander, Realty Executives Alberta Elite, 403-896-7331
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