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AlderGrove Apartments 103 Alder Dr

36 Unit Block of Flats £2,428,765 (£67,466/Unit) 7.04% Net Initial Yield Hinton, AB T7V 1C6

Block of Flats Alberta Hinton 103 Alder Dr, Hinton, AB T7V 1C6

Executive Summary

36 unit Multi Family residential development consisting of 3 building with 12 units each. Each buildings 2.5 story, wood-frame construction. surface parking power and visor stalls. Stucco siding mix vinyl brick exterior refreshed in 2023. Windows are double glazed replaced Boilers were 2020 each building.

Attachments

Aldergrove Brochure

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £257,841 £7.16
Other Income £4,292 £0.12
Vacancy Loss £5,157 £0.14
Effective Gross Income £256,977 £7.14
Taxes £12,807 £0.36
Operating Expenses £73,193 £2.03
Total Expenses £86,000 £2.39
Net Operating Income £170,977 £4.75

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £257,841
Annual Per SF £7.16
Other Income
Annual £4,292
Annual Per SF £0.12
Vacancy Loss
Annual £5,157
Annual Per SF £0.14
Effective Gross Income
Annual £256,977
Annual Per SF £7.14
Taxes
Annual £12,807
Annual Per SF £0.36
Operating Expenses
Annual £73,193
Annual Per SF £2.03
Total Expenses
Annual £86,000
Annual Per SF £2.39
Net Operating Income
Annual £170,977
Annual Per SF £4.75

Property Facts

Price £2,428,765 Building Class C
Price Per Unit £67,466 Lot Size 1.17 AC
Sale Type Investment Building Size 36,000 SF
Net Initial Yield 7.04% Average Occupancy 97%
No. Units 36 Number of Floors 3
Property Type Residential Year Built 1979
Property Subtype Apartment Parking Ratio 1/1,000 SF
Apartment Style Low Rise
Price £2,428,765
Price Per Unit £67,466
Sale Type Investment
Net Initial Yield 7.04%
No. Units 36
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.17 AC
Building Size 36,000 SF
Average Occupancy 97%
Number of Floors 3
Year Built 1979
Parking Ratio 1/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
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zoning

Zoning Code R-M2 (Low Rise Apartment)
R-M2 (Low Rise Apartment)
(780) 860-9927

Contact

  • Kumar Mehra
    Kumar Mehra
  • DIYA REAL ESTATE

  • Listing ID: 33988010

  • Date on Market: 24/11/2024

  • Last Updated:

  • Address: 103 Alder Dr, Hinton, AB T7V 1C6

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© 2024 CoStar Group

AlderGrove Apartments | 103 Alder Dr
(780) 860-9927 x

AlderGrove Apartments | 103 Alder Dr

Kumar Mehra

(780) 860-9927

(780) 860-9927

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