4504 56A Av - Apartments FOR SALE


Lloydminster, AB T9V 1A1
$975,000 CAD
780-875-9120
4504 56A Av, Lloydminster, AB for Sale
$975,000 CAD
Apartments - FOR SALE
1/8
null | Request Cap Rate

4504 56A Av
Lloydminster, AB T9V 1A1


HIGHLIGHTS

  • 8-Suite Apartment Rental Building
  • Surrounded by a stable residential subdivision
  • Quiet residential neighborhood

OVERVIEW

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. MLS # A2273578

FOR SALE DETAILS

PRICE

$975,000 CAD

PRICE/SF

$113 CAD /SF

# OF UNITS

8

PRICE/UNIT

$121,875

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,282 SF

ZONING

R4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Lane ColumbineRoyal Lepage Musgrave AgenciesMore Info
780-875-9120

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Lane ColumbineRoyal Lepage Musgrave AgenciesMore Info
780-875-9120

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.