Listing Details
For more information on this listing or other please contact me.
Courtesy of RE/MAX Real Estate.
Data was last updated 2025-02-02 at 11:18:28 GMT
5075/5079 47 Avenue Lamont, Alberta
$414,900
MLS®: E4367122
The perfect Investment with an above 7% cap rate. Income is $45,420 per year. Expenses are $14,536 per year. Net income is $30,883 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Potential opportunity to expand this already completely full storage facility. Ability to expand the rental units to 28 units by adding 14 - 10x10 units. The property has 2 lots, one is zoned commercially and the other is zoned residentially.
Listing Information
- Prop. Type:
- Other
- Status:
- Active
- City:
- Lamont
- MLS® Number:
- E4367122
- Neighbourhood:
- Lamont
- Area:
- Lamont
- Province:
- Alberta
- Listing Price:
- $414,900
General Information
- Year Built:
- 2007
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This property is listed by RE/MAX Real Estate and provided here courtesy of
Ashley Agent.
For more information or to schedule a viewing please contact Ashley Agent.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.