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5202 51 AVE Castor, AB T0C 0X0
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Key Details
Sold Price $302,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2019969
Sold Date 03/21/23
Originating Board Central Alberta
Year Built 1959
Annual Tax Amount $4,500
Tax Year 2021
Property Description
Who would like to own their own apartment building for the price of a city half duplex! This quality building is in an awesome location. Castor has everything a thriving town needs. They have a hospital, school, shopping and a swimming pool. THIS BUILDING IS FULLY RENTED and there is a waiting list! $50,700 current rent per year. No better time in history to invest. This 7-unit residential apartment building has had over $120,000 + WORTH OF QUALITY IMPROVEMENTS! No stress for you. 5.7% Cap Rate. Great location close to school, downtown, green space. There are 4-two bedroom apartments and 3-one bedroom apartments. 2 bedroom rents are $650, $600, $600 and $600. 1 bedroom rents are $650, $575 and $550; totalling $4,225 a month. Tenants pay their own electric. Worlds best LIVE IN PROPERTY MANAGER already in place. It's a great property isn't it! Shouldn't it be yours?
Location
Province AB
County Paintearth No. 18, County Of
Zoning R3
Interior
Heating Baseboard, Natural Gas
Exterior
Total Parking Spaces 7
Building
Structure Type Concrete,Wood Frame
Others
Restrictions None Known
Tax ID 56758333
Ownership REALTOR®/Seller; Realtor Has Interest
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