2-8, 2337 20 Avenue Active

Bowden,AB T0M0K0

$ 550000

- Bed

- Bath

2936 SqFt


Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $187

MLS Listing ID A2192944

Originating Board Central Alberta REALTORS® Association

Year Built 1968

Lot Size 8,250 Sqft

Acres 8250.0

Property Sub-Type Freehold

Property Description

Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Interior

Heating Baseboard heaters,

Flooring Carpeted,Laminate,Vinyl

Exterior

Parking Features No

Fence Not fenced

Community Features Pets not Allowed

View Y/N No

Total Parking Spaces 7

Private Pool No

Building

Lot Description Lawn

Story 2

Others

Ownership Freehold

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