$3,465,000

43560 sqft

Great investment with a HIGH 6.74% Cap Rate!! Green Acres is a 33 Suite apartment building located at 4420 Pleasantview Drive, High Prairie, Alberta. This 2.5 story walk-up, wood frame construction with balconies/patios has an excellent suite mix of 22 one bedroom suites and 11 two bedroom suites. The building is in excellent shape with newer shingles, 2 newer hot water tanks, LED lighting throughout common and exterior, newer heating control zone valves and shut off valves in each suite, 14 energized covered parking spots, plenty of surface parking for tenants (energized) and visitors, plus coin-op washer and dryers (owned). Zero vacancies and operates at 100% occupancy with fantastic tenants in a quiet building. Room to increase rents with tenant waiting list. Many suites have been updated. High Prairie is an economic hub with 2 large lumber mills, new Hospital, new Northern Lakes College campus, Tim Hortons, Dairy Queen, farming, scrap metal facility and tourism. See REALTOR'S website for more details. (id:45344)

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    Property Details

    MLS® Number E4311283
    Property Type Multi-family
    Neigbourhood High Prairie
    Features Corner Site
    Parking Space Total 33

    Building

    Constructed Date 1982
    Size Interior 43560 Sqft

    Land

    Acreage Yes
    Size Irregular 43560
    Size Total 43560 Sqft
    Size Total Text 43560 Sqft

    https://www.realtor.ca/real-estate/24821613/4420-pleasantview-dr-high-prairie-high-prairie

    Brian Cyr
    Remax Elite
    BrianCyr StAlbert 1
    “Brian never pressured us in any way, making us feel comfortable in our dealings with him. We would highly recommend him as a professional realtor.”
    - Bill & Kathy Hill