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Arlington Place Apartments 5333 49 Av
15 Unit Apartment Building $1,325,000 CAD ($88,333 CAD/Unit) 7% Cap Rate Vegreville, AB T9C 1P5
Investment Highlights
- Adult only building with great mix of long-term tenants
Executive Summary
The offering is an adult only building known as Arlington Place which consists of 15 units with individual parking allocated to each unit. The complex
was constructed in 1978 with recent renovations/improvements to the roofing system (2021), interior(s) and exterior (2010 – recent) completed throughout. Being an adult only building makes this property ideal for retaining long term tenants and provides for a secure long term investment with minimal capital expenditures required.
was constructed in 1978 with recent renovations/improvements to the roofing system (2021), interior(s) and exterior (2010 – recent) completed throughout. Being an adult only building makes this property ideal for retaining long term tenants and provides for a secure long term investment with minimal capital expenditures required.
Property Facts
Price | $1,325,000 CAD | Property Subtype | Apartment |
Price Per Unit | $88,333 CAD | Building Class | C |
Sale Type | Investment | Building Size | 12,800 SF |
Cap Rate | 7% | No. Stories | 3 |
Sale Conditions | Note Purchase | Year Built/Renovated | 1978/2021 |
No. Units | 15 | Parking Ratio | 1.43/1,000 SF |
Property Type | Multifamily |
Price | $1,325,000 CAD |
Price Per Unit | $88,333 CAD |
Sale Type | Investment |
Cap Rate | 7% |
Sale Conditions | Note Purchase |
No. Units | 15 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | C |
Building Size | 12,800 SF |
No. Stories | 3 |
Year Built/Renovated | 1978/2021 |
Parking Ratio | 1.43/1,000 SF |
Site Amenities
- Laundry Facilities
- Maintenance on site
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zoning
Zoning Code | R4 (High Density Residential) |
R4 (High Density Residential) |
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Arlington Place Apartments | 5333 49 Av
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