Property Details

Address: 5112 - 54 Avenue, Cold Lake, AB
Status: For Sale
Price: $1,476,000
Price Per Door: $123,000
No. of Units: 12
Cap Rate: 7.58%

Executive Apartment is a twelve suite apartment building located at 5112 - 54 Avenue in Cold Lake, Alberta.

It is a three storey low-rise, wood-frame construction building with balconies. Parking is surface and paved. The suite mix is 6 one-bedroom suites and 6 two-bedroom suites.

Recent capital investments between 2009 - 2020 include:

• Boiler & boiler expansion - $7,053
• Roof replaced - $13,760
• Hallway carpets replaced - $16,518
• Laundry equipment upgrades - $6,223
• Parking lot paving - $26,000
• Security camera - $2,730

A total of over $75,000 of capital investment.

Click here for a virtual tour of a fully-furnished one-bedroom suite.

Click here for a virtual tour of a fully-furnished two-bedroom suite.

Interested in this Property?

Contact the David G. Parker Team Today