This property is listed by Timothy Baker of RE/MAX Real Estate.
Data was last updated 2024-05-09 at 03:05:40 GMT
$414,900

5075/5079 47 AV   Lamont, AB

MLS®: E4367122
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The perfect Investment with an above 7% cap rate. Income is $45,420 per year. Expenses are $14,536 per year. Net income is $30,883 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Potential opportunity to expand this already completely full storage facility. Ability to expand the rental units to 28 units by adding 14 - 10x10 units. The property has 2 lots, one is zoned commercially and the other is zoned residentially.

Listing Information

Prop. Type:
Business with Property
Status:
Active
City:
Lamont
MLS® Number:
E4367122
Neighbourhood:
Lamont
Area:
Lamont
Province:
AB
Listing Price:
$414,900

General Information

Year Built:
2007
Zoning/Land Use Code:
For Sale
Region:
Lamont

Additional Information

Plan:
0628111
Legal Block:
10
Legal Lot/Unit:
7/8

Other Information

Land Size Hectares:
0
Major Business Type:
Other/See Remarks
Zoning/Land Use:
Commercial / Residential
Building Type:
Commercial Mix, Residential Mix

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Location


Christine Mcfarland
MaxWell Progressive
RR1 WESTEROSE, Rural Wetaskiwin County, Alberta
Office: (780) 361-5925
Mobile: (780) 361-5925
Fax: n/a
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.