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Courtesy of Timothy Baker of RE/MAX Real Estate.
Data was last updated 2024-05-20 at 03:53:04 GMT
The perfect Investment with an above 7% cap rate. Income is $45,420 per year. Expenses are $14,536 per year. Net income is $30,883 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Potential opportunity to expand this already completely full storage facility. Ability to expand the rental units to 28 units by adding 14 - 10x10 units. The property has 2 lots, one is zoned commercially and the other is zoned residentially.
Listing Information
- Prop. Type:
- Business with Property
- Status:
- Active
- City:
- Lamont
- MLS® Number:
- E4367122
- Neighbourhood:
- Lamont
- Area:
- Lamont
- Province:
- AB
- Listing Price:
- $414,900
General Information
- Year Built:
- 2007
- Zoning/Land Use Code:
- For Sale
- Region:
- Lamont
Additional Information
- Plan:
- 0628111
- Legal Block:
- 10
- Legal Lot/Unit:
- 7/8
Other Information
- Land Size Hectares:
- 0
- Major Business Type:
- Other/See Remarks
- Zoning/Land Use:
- Commercial / Residential
- Building Type:
- Commercial Mix, Residential Mix
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This property is listed by Timothy Baker of RE/MAX Real Estate and provided here courtesy of
John Carter.
For more information or to schedule a viewing please contact John Carter.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.