Investment opportunity, with a Cap Rate of over 10%. This unit is rough around the edges, but fully leased out. It has 5 units, and this could even be a starter investment property, where you live there, and the other four tenants pay your mortgage!
Essential information
MLS® number
A2338137
Status
Active
Price
$419,000
Property type
Commercial
Type
Multi Family
Transaction
For Sale
Restrictions
None Known
Building area
3,780 sq ft
Year built
1962
Structure
Five Plus
Listing brokerage
RE/MAX ADVANTAGE (WHITECOURT)
Source
Pillar 9™ MLS® System
Interior
Heating
Boiler, Natural Gas
Included
5 Fridges and stoves, coin op washer and dryer
Exterior and construction
Construction
Stucco
Roof
Asphalt Shingle
Foundation
Block
Zoning
R1C
Parking
Total parking
4
Commercial
Clear ceiling height
8 ft
Community
City
Whitecourt
Province
AB
Postal code
T7S 1A3
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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32 photos$349,000804 2nd Street NW, Manning
