Multi-family opportunity

The Opportunity

Overview

Now available is a mixed use building with 26 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 16 - 1 bed units and 10 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 3 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $5280 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they have been managing it for almost 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. (id:61970)

Investment highlights

1. 01Multi-family

Property details

Property type

Multi-family

Transaction

sale

Listing brokerage

Century 21 Town and Country Realty

Listing representative

Andy Gauvreau

Board / association

Grande Prairie

Financial information

Location intelligence

Documents