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Anu Khullar - RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424
Email

Thanks for viewing this Preferred Property below. If you have any questions or would like to schedule a viewing, please feel free to call our office at 780-701-2626 and ask for Anu Khullar or John Carter. Toll free is 1-877-417-2626 or email by clicking on the envelope logo on the left of the photos on the listing.

Courtesy of Timothy Baker of RE/MAX Real Estate.
Data was last updated 2024-04-28 at 03:55:34 GMT
$414,900

5075/5079 47 AV   Lamont, AB

MLS®: E4367122
URL:    
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.
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

VIP-Only Information

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This property is listed by Timothy Baker of RE/MAX Real Estate and provided here courtesy of Anu Khullar. For more information or to schedule a viewing please contact Anu Khullar.
Anu Khullar
RE/MAX River City
Phone: 780-439-7000
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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Data last Updated: 2024-04-28 at 03:55:34 GMT America/Edmonton
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