32 Units in Whitecourt, AB.: $5,600,000 (175,000/unit) - 6.72% Cap Rate. This project consisting of 8 - 4 plex buildings was just newly built in 2006-2007. All units are approx. 1300 sq ft, 3 bed, 1.5 bath. With rent normalization a new owner could achieve a 7.35% Cap Rate on the asking price. **NOTE - Can be purchased as individual 4 plexes for $700,000 per building.**
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