5202 51 Avenue-Cherry Building- $52,320 in anticipated rent. No better time in history to invest. Interest rates are sooo low! This 7-unit residential apartment building has had over $100,000 WORTH OF QUALITY IMPROVEMENTS JUST COMPLETED! No stress for you. 6.1% Cap Rate. Great location close to school, downtown, green space. Includes the extra lot to the south. Great for expansion or extra parking. There are 4-two bedroom apartments and 3-one bedroom apartments. Tenants pay their own electric. LIVE IN PROPERTY MANAGER already in place. New hot water heater. It's a great property isn't it! Shouldn't it be yours? (id:203)
Property Type: Other
Property Sub-type: Freehold
Roof Type: Metal
Heating Fuels: Natural gas
Heating Systems: Baseboard heaters
Listing Changed: 9/11/2018 5:18:27 AM GMT
Source Updated Date: 9/18/2018 7:32:54 PM GMT
Courtesy of: BRYCE KANDER, Realty Executives Alberta Elite
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