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Arlington Place Apartments 5333 49 Av

15 Unit Block of Flats £739,314 (£49,288/Unit) 7% Net Initial Yield Vegreville, AB T9C 1P5

Investment Highlights

  • Adult only building with great mix of long-term tenants

Executive Summary

The offering is an adult only building known as Arlington Place which consists of 15 units with individual parking allocated to each unit. The complex
was constructed in 1978 with recent renovations/improvements to the roofing system (2021), interior(s) and exterior (2010 – recent) completed throughout. Being an adult only building makes this property ideal for retaining long term tenants and provides for a secure long term investment with minimal capital expenditures required.

Property Facts

Price £739,314
Price Per Unit £49,288
Sale Type Investment
Net Initial Yield 7%
Sale Conditions Buying dept
No. Units 15
Property Type Residential
Property Subtype Apartment
Building Class C
Building Size 12,800 SF
Number of Floors 3
Year Built/Renovated 1978/2021
Parking Ratio 1.43/1,000 SF

Site Amenities

  • Laundry Facilities
  • Maintenance on site

zoning

Zoning Code R4 (High Density Residential)
R4 (High Density Residential)
  • Listing ID: 27121759

  • Date on Market: 15/11/2022

  • Last Updated:

  • Address: 5333 49 Av, Vegreville, AB T9C 1P5

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