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AlderGrove Apartments 103 Alder Dr

36 Unit Apartment Building $4,399,900 CAD ($122,219 CAD/Unit) 7.04% Cap Rate Hinton, AB T7V 1C6

Apartment Buildings Alberta Hinton 103 Alder Dr, Hinton, AB T7V 1C6

Executive Summary

36 unit Multi Family residential development consisting of 3 building with 12 units each. Each buildings 2.5 story, wood-frame construction. surface parking power and visor stalls. Stucco siding mix vinyl brick exterior refreshed in 2023. Windows are double glazed replaced Boilers were 2020 each building.

Attachments

Aldergrove Brochure

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $467,100 $12.98
Other Income $7,776 $0.22
Vacancy Loss $9,342 $0.26
Effective Gross Income $465,534 $12.93
Taxes $23,200 $0.64
Operating Expenses $132,595 $3.68
Total Expenses $155,795 $4.33
Net Operating Income $309,739 $8.60

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $467,100
Annual Per SF $12.98
Other Income (CAD)
Annual $7,776
Annual Per SF $0.22
Vacancy Loss (CAD)
Annual $9,342
Annual Per SF $0.26
Effective Gross Income (CAD)
Annual $465,534
Annual Per SF $12.93
Taxes (CAD)
Annual $23,200
Annual Per SF $0.64
Operating Expenses (CAD)
Annual $132,595
Annual Per SF $3.68
Total Expenses (CAD)
Annual $155,795
Annual Per SF $4.33
Net Operating Income (CAD)
Annual $309,739
Annual Per SF $8.60

Property Facts

Price $4,399,900 CAD Building Class C
Price Per Unit $122,219 CAD Lot Size 1.17 AC
Sale Type Investment Building Size 36,000 SF
Cap Rate 7.04% Average Occupancy 97%
No. Units 36 No. Stories 3
Property Type Multifamily Year Built 1979
Property Subtype Apartment Parking Ratio 1/1,000 SF
Apartment Style Low Rise
Price $4,399,900 CAD
Price Per Unit $122,219 CAD
Sale Type Investment
Cap Rate 7.04%
No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.17 AC
Building Size 36,000 SF
Average Occupancy 97%
No. Stories 3
Year Built 1979
Parking Ratio 1/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
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zoning

Zoning Code R-M2 (Low Rise Apartment)
R-M2 (Low Rise Apartment)
(780) 860-9927

Contact

  • Kumar Mehra
    Kumar Mehra
  • DIYA REAL ESTATE

  • Listing ID: 33988010

  • Date on Market: 2024-11-24

  • Last Updated:

  • Address: 103 Alder Dr, Hinton, AB T7V 1C6

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AlderGrove Apartments | 103 Alder Dr
(780) 860-9927 x

AlderGrove Apartments | 103 Alder Dr

Kumar Mehra

(780) 860-9927

(780) 860-9927

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