9.4% cap rate in the heart of Drayton Valley's Central Business District. This well operated 18 unit low rise was converted from a multi unit retail building. The half acre lot is zoned C-1 providing land for pedestrian-oriented commercial land uses in the downtown core. Renovations include new roof, fire system and upgrades to common areas and units. Good tenant profile on fixed term leases with security deposits in place. The property manager is local and hands on allowing owner to live out of town. Tremendous opportunity to enter the investment market, redevelop or keep this historically solid investment as is. Vendor may carry.More details
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Edmonton Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please don't hesitate to contact me!