Aspen Courts | 5117 44 St
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Aspen Courts 5117 44 St
42 Unit Apartment Building $3,150,000 CAD ($75,000 CAD/Unit) 7.06% Cap Rate High Prairi, AB T0G 1E0
Investment Highlights
- Excellent location
- Suite-level renovations
Executive Summary
Aspen Court is a 42 unit apartment complex of bachelor, one and two-bedroom units on 3 levels. This building has been well cared for with most suites being renovated on turnover over the last 7 or 8 years including new appliances and LVP floors. In addition to the suite-level renovations a substantial amount of capital work and a lot of CAPEX work has been completed.
Property Facts
| Price | $3,150,000 CAD | Apartment Style | Low Rise |
| Price Per Unit | $75,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.87 AC |
| Cap Rate | 7.06% | Building Size | 24,709 SF |
| No. Units | 42 | Average Occupancy | 81% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2000 |
| Price | $3,150,000 CAD |
| Price Per Unit | $75,000 CAD |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.87 AC |
| Building Size | 24,709 SF |
| Average Occupancy | 81% |
| No. Stories | 3 |
| Year Built | 2000 |
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Freezer
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 33 | - | - |
| 2+1 | 7 | - | - |
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Aspen Courts | 5117 44 St
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