LOADING

3620 23 Avenue S Lethbridge, Alberta T1K 5H9

Boiler, Hot Water Radiator Heat, Radiant/infra-Red Heat Acreage

$3,690,000

What an amazing opportunity to own an entire building with 30 separate titles! This building has been meticulously taken care of since this owner has had it. There are 30 units in here. 21 of the units are 2 bedrooms, and 9 are 1 bedroom units. There are just two vacant right now. This building has a lot of long term tenants too! If you're looking at buying and holding real estate, this is a nice one to have in your portfolio. Net income of over $218,000 in 2018. If you fill this building up in the last two units, you would see a total rental pool of over $26,000/month. (2 bedroom units rent from $875, and 1 beds rent from $825-$850/month) One other thing to consider here is the fact that there are 30 separate titles. That means that you could fix up a unit, and sell it off if you ever wanted an influx of cash. Could you add $10,000 to each unit, and sell them all individually like a developer? That is a neat prospect that is hard to find in other buildings of this nature. If you have been looking for a complete package, this could be the one for you. (id:28267)

Property Details

MLS® Number ld0158950
Property Type Multi-family
Community Name Lethbridge
Features Balcony
Parking Space Total 35
Plan 0614758

Building

Constructed Date 1984
Fireplace Present No
Foundation Type Concrete Slab
Heating Fuel Natural Gas
Heating Type Boiler, Hot Water Radiator Heat, Radiant/infra-red Heat
Roof Material Asphalt Shingles
Roof Style Unknown

Land

Acreage Yes
Sewer Municipal Sewage System
Size Irregular 47754
Size Total 47754 Ac
Size Total Text 47754 Ac
Zoning Description R-50

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20418293

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