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$ 975,000
Est. payment /mo
Active
4504 56A AVE #1-8 Lloydminster, AB T9V 1A1
3,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3600.0
Square Footage 3,600 sqft
Price per Sqft $270
Subdivision West Lloydminster
MLS Listing ID A2273578
Year Built 1962
Property Sub-Type Apartment
Property Description
This 8-suite apartment rental building is just the opportunity you have been looking for. There are 5 (2 bedroom) units and 3 (1 bedroom) unit in the building. This building has been well maintained over the years with improvements and upgrades to the heating system, added insulation in attic space, PVC windows, metal roofing- three suites have been renovated over the last few years, with one suite undergoing an entire makeover in the last 2 years. The building has two units that have been rented as Airbnb short term rentals with the balance of the units rented on monthly rental agreement. This is a well-managed building that generated total income from July 1, 2024- June 30, 2025, at $141,229.45 - after airBnb cleaning/hallway cleaning, snow removal and lawn care, property management, garbage, building insurance, property tax, utilities and repair and maintenance this building generated a total revenue of 80,073.00. Located in a quiet residential neighborhood, surrounded by a stable residential subdivision, this 8 suite building is a perfect investment that requires minimal effort to maintain.
Location
Province AB
County West Lloydminster
Area West Lloydminster
Zoning R4
Interior
Heating Hot Water
Fireplace No
Exterior
Parking Features Parking Pad
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by MUSGRAVE AGENCIES