$1,990,000.00 0.00 acre

421 11 Avenue SE, Drumheller. T0J 0Y6

Description

This is a fully rented, well-located 20-unit apartment building in Drumheller, Alberta. There are 12 units with two bedrooms and 8 units with one bedroom. This building has tenants who have stayed for several years. The roof was replaced approximately 10 years ago, and a brand-new boiler was installed in July 2017 and has been regularly maintained. Many of the units have had updates in the past 5 years including flooring, appliances, patio doors, and basement windows. Some units have also had full renovations. Each apartment has its own parking space and an electrical outlet. There is plenty of upside including the possibility to increase rents or complete a condominum conversion. The vacancy rate in Drumheller is extremely low. Take advantage of the good cash flow and book a showing now!

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1230317
City:Drumheller
Neighbourhood:Huntington
Province:Alberta
Building/Unit Size: 0 sq.ft
Land Size:0.00 Acre
Listing Price:$1,990,000.00
Listing Price Arce:$0 per Acre
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:R-3
Listing Contract Date:2022-07-25

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "EXP REALTY" listing brokerage.

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