17 Ste Apartment Bldg -$37,941 per Ste!

4939 Chalmers Avenue; Swan Hills AB - Woodlands Apartments T0G 2C0 :

Main Photo: 17 Ste Apartment Bldg -$37,941 per Ste!banner
$645,000
Prop. Type:
Business with Property
MLS® Num:
NEW
Status:
Sold
Woodlands Apartments is a 17 suite apartment building located in downtown Swan Hills featuring large one bedroom suites. It is a 3 storey storey structure built in 1981. All suites are above grade and all feature large balconies. Most stes have phenomenal view of Swan Hills Valley. Construction is Wood Frame; the roof is pitched with asphalt shingle; & the exterior is stucco and wood siding. There is a new Hot Water Tank and a New Boiler Pump. Common areas have been recently upgraded. The Power is individually metered and the Tenants pay their own power including their energized parking stall. Each suite comes with a Stove & Fridge. Two of the Suites are fully appointed & tastefully furnished for corporate Clients. The contents of these units and the 2 stes of Coin Laundry Washers and Dryers are owned & included with the sale. Listed only $37,941 per suite, this project shows at 9.55% cap rate based on October 2006 rental income. Notices have been distributed. The project is very clean & well maintained. There is an excellent Property Management Couple who fully maintain this project for the long term Out of area Owner, including upgrading when required. This is an Excellent investment opportunity. We have an Additional project of 12 Townhouse units also available as a package deal. Swan Hills has the highest elevation in Alberta east of the Rockies at 4000 ft above sea level. It is located in the District of Big Lakes. It overlooks hectare after hectare of forest with several lakes & an ecological reserve. Swan Hills is noted for its pristine beauty and natural recreational opportunities, making it a Wilderness Playground. Swan Hills was incorporated as a Town in 1967. It is situated on top of the 3rd largest oilfield in Canada and supplies 1/3 of Alberta's oil needs. In 1987, the Alberta Government built the Alberta Special Waste Treatment Facility, which underwent an $85 Million expansion in 1992 to the 320 acre plant which employees approximately 80 people. Swan Hills is a thriving community less than 2 hrs to Edmonton (209 km);1 hr to Whitecourt (80 km) & less than an hour to Slave Lake. The population is approximately 1807 people. Directions from Edmonton: - Hwy 16 West towards Jasper - Take Hwy 43 North ramp towards Whitecourt/Grand Prairie/ Peace River (go .9 km) - Take Hwy 43 West (23 km) - Turn Right at Hwy 33 (32 km) - Continue on Hwy 654 (go 6.5 km) - Bear left at Hyw33 (go 106 km) - Turn right & go .7 km Welcome to Swan Hills! For additional information, a proforma and/or an appointment to view the Woodlands Apartments and the 12 unit Townhouse Complex, Birchwood Apartments, Contact: Val Toffoli at 780-707-9395; email:vtoffoli@shaw.ca; website: www.valtoffoli.com) Do not go direct. All appointments to be confirmed.
Price:
$645,000
Property Type:
Business with Property
MLS® Num:
New
Status:
Sold
Listing information last updated on April 27, 2012 at 03:50 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.