This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants. (id:51989)
Features of 5137 51 Av
- MLS® Number E4369083
- Price $350,000
- Square Footage: 4176 sqft
- Neigbourhood: Drayton Valley
Buildings
| Constructed Date | 1961 | Size Interior | 4176 Sqft |
Land
| Acreage | No |
Agents and Offices
- Heather D. Malin
- Office: RE/MAX Vision Realty