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4821 47 Street: Drayton Valley Multi-Family (Commercial) for sale : MLS® # E4071984

Courtesy of Miki C O'Ree of RE/MAX Excellence

4821 47 Street Drayton Valley T7A 1T4 : Drayton Valley

Main Photo: 4821 47 Street: Drayton Valley Multi-Family (Commercial) for sale : MLS® # E4071984
$2,500,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
E4071984
Status:
Active
Build. Type:
Freestanding
ALBERTA IS STILL THE PROVINCE TO INVEST IN! PARKVIEW MANOR is one of the nicest buildings in Drayton Valley. This three-story wood frame construction building consists of 18 above ground units with balcony/walkout patio, no vacancies, laundry room on each floor and new roof (2015). The building offers spacious 'condo-like' living, suite mix is 17 two bedroom units, 955-998 SF, 4 pc. Bath, dishwasher, spacious walk-in storage rooms, and 1 bachelor unit. DEMOGRAPHICS: Population 7,235 (1.6% increase since 2011), median age 32, median family income $90,259. LOCATED near the central business district on a quiet residential street adjacent to a vibrant seniors home, established single family dwellings and newly constructed townhomes. Travel time to Edmonton is 75 minutes. ECONOMY: The town of Drayoton Valley Capital Projects - 2017 Final Budget Include a 10M investment in the Development of Stage 1 Bio-industrial park and further investment into bio-diversity, entrepreneurship and strategic growth.
Transaction Type:
For Sale
Property Type:
Multi-Family (Commercial)
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Walk Up
# Units:
18
Tot Pkg Spaces:
25
# Storeys:
3.0
Year built:
1998 (Age: 19)
Total Floor Area:
Switch units of measure19,296 sq. ft.
Lot Area:
Switch units of measure0.55 acre(s)
Land Use/Zoning:
R-4
Plan:
0826257
Title to Land:
Fee Simple
LINC Number:
0033381013
Num. of Parcels:
1
Cap Rate %:
4.5
Gross Operating Income:
$196,800
Other Income:
$3,888
Effective Gross Income:
$200,688
Net Operating Income:
$113,493
Total Oper. Expenses:
$87,195
Tot Expenses:
$87,195
Listing information last updated on 3-Oct-2017 3:16 PM
Bruce Weiss C.E.T.
Bruce Weiss C.E.T.
Office:(780) 481-2950
Fax:(780) 481-1144
RE/MAX Excellence
201, 5607 199 Street
Edmonton, Alberta
T6M 0M8 Canada
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.