49
See all 49 photos
$1,300,000
Est. payment /mo
14,304 SqFt
New
4509 53 ST Athabasca, AB T9S 1J9
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,304 sqft
Price per Sqft $90
Subdivision Athabasca Town
MLS Listing ID A2354742
Year Built 1976
Property Sub-Type Multi Family
Property Description
This building was built in the late 70's by the man who owned it,and his family has looked after it ever since. You can tell. It's been run carefully and kept up the whole way through.There are 16 units: seven one-bedroom suites,eight two-bedroom suites,and a bachelor suite on the third level that was set up for an on-site manager. The building is fully occupied,including the bachelor. It's rented now,but you could easily take it back if you want someone living on site. Here's the part that doesn't show up on a spreadsheet. Some of these tenants have lived here for decades. The family gave them reduced rent because they were worth keeping,and they still are. They look after their suites and they stay. In a building this size,that means fewer vacancies,fewer repaints,and a lot less of your time spent finding the next tenant. The other units rent at market rates,so the income can grow on your terms,not because you're scrambling to find good quality tenants. Athabasca's rental market has been tight for years. Good suites don't sit empty,and this building is on a quiet street,a short walk from shops and services. The big items are in good shape. The roof is newer. Several suites have been updated over the years with new kitchens,bathrooms and flooring. Heat and water are included in rent,which tenants like and which keeps things simple. There's a shared laundry room on site,plus paved parking with 16 tenant stalls and 6 visitor stalls.This is a building for someone who plans to hold it for the long term and look after it the way it's been looked after. The rent roll and financials are available to qualified buyers on the sellers discretion upon request.
Location
State AB
County 0012
Zoning R7
Interior
Heating Boiler
Inclusions 16 Fridges stoves dishwashers hood fans. And washers and dryers in main laundryroom
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 22
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by Royal LePage Premier Real Estate
Nearby Locations
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