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$550,000
Est. payment /mo
2,936 SqFt
UPDATED:
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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Listed by RE/MAX real estate central alberta
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Nick Penney