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5024 50 Av

6 Unit Block of Flats £398,315 (£66,386/Unit) 7.31% Net Initial Yield Redwater, AB T0A 2W0

Block of Flats Alberta Redwater 5024 50 Av, Redwater, AB T0A 2W0

Investment Highlights

  • 55 minutes north/east of Edmonton
  • Hot water tank replaced in 2004
  • Hot water heating system.

Executive Summary

The unique 6 plex is located in downtown Redwater. Built in 1998, wood-frame construction complex with poured concrete. Hot water heating system. Hot water tank replaced in 2004. Each unit has a separate entrance. Each unit has been renovated with plank flooring, stainless steel full size appliances. Each unit has separate power meters. Current owners have spent approx. 140,000 in renovated in 2021.

Attachments

5024-50 Avenue - Redwater

Property Facts

Price £398,315 Apartment Style Low Rise
Price Per Unit £66,386 Building Class C
Sale Type Investment Lot Size 0.09 AC
Net Initial Yield 7.31% Building Size 2,000 SF
No. Units 6 Number of Floors 3
Property Type Residential Year Built 1998
Property Subtype Apartment
Price £398,315
Price Per Unit £66,386
Sale Type Investment
Net Initial Yield 7.31%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 2,000 SF
Number of Floors 3
Year Built 1998
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(825) 600-5402

  • Listing ID: 32781748

  • Date on Market: 13/08/2024

  • Last Updated:

  • Address: 5024 50 Av, Redwater, AB T0A 2W0

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© 2024 CoStar Group

5024 50 Av
(825) 600-5402 x

5024 50 Av

Pam Gill

(825) 600-5402

(825) 600-5402

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