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5024 50 Av

6 Unit Apartment Building $500,892 USD ($83,482 USD/Unit) 7.31% Cap Rate Redwater, AB T0A 2W0

Apartment Buildings Alberta Redwater 5024 50 Av, Redwater, AB T0A 2W0

Investment Highlights

  • 55 minutes north/east of Edmonton
  • Hot water tank replaced in 2004
  • Hot water heating system.

Executive Summary

The unique 6 plex is located in downtown Redwater. Built in 1998, wood-frame construction complex with poured concrete. Hot water heating system. Hot water tank replaced in 2004. Each unit has a separate entrance. Each unit has been renovated with plank flooring, stainless steel full size appliances. Each unit has separate power meters. Current owners have spent approx. 140,000 in renovated in 2021.

Attachments

5024-50 Avenue - Redwater

Property Facts

Price $500,892 USD Apartment Style Low Rise
Price Per Unit $83,482 USD Building Class C
Sale Type Investment Lot Size 0.09 AC
Cap Rate 7.31% Building Size 2,000 SF
No. Units 6 No. Stories 3
Property Type Multifamily Year Built 1998
Property Subtype Apartment
Price $500,892 USD
Price Per Unit $83,482 USD
Sale Type Investment
Cap Rate 7.31%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 2,000 SF
No. Stories 3
Year Built 1998
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(825) 600-5402

  • Listing ID: 32781748

  • Date on Market: 8/13/2024

  • Last Updated:

  • Address: 5024 50 Av, Redwater, AB T0A 2W0

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5024 50 Av
(825) 600-5402 x

5024 50 Av

Pam Gill

(825) 600-5402

(825) 600-5402

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