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Courtesy of Timothy Baker of RE/MAX Real Estate.

5075/5079 47 AV

Lamont, AB T0B 2R0
  • $414,900
  • STATUS: Active
  • ID#: E4367122
UPDATED: 34 min ago
$414,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,800
    SQFT
  • $148
    $/SQFT
Neighbourhood:
Type:
Business Opportunity
Built:
2007
Area:

Description

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.

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© 2024 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®). Data last updated: 2024-02-28T20:36:19.493 UTC.
Mortgage Calculator is provided by BoomTown.
www.smlxlhomesearch.com/homes/145787963
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5075/5079 47 AV Lamont, AB T0B 2R0

  • Price: $414,900
  • Status: Active
  • On Site: Days
  • Updated: 34 min ago
  • ID#: E4367122
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2,800
SQFT
$148
$/SQFT
2007
Built
Neighbourhood:
Lamont
Area:
Lamont
Property Description
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.
Property Features

Land Use Zoning Commercial / Residential Major Business Type Other/See Remarks Minor Business Type Other/See Remarks Nearest Town Lamont Property Type Details Business with PropertyIndustrial Transaction Type For Sale

© 2024 REALTORS® Association of Edmonton. All Rights Reserved.
Mortgage Calculator is provided by BoomTown.


© 2024 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®). Data last updated: 2024-02-28T20:36:19.493 UTC.
Mortgage Calculator is provided by BoomTown.
 
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