4943 Chalmers Av - Apartments FOR SALE


Swan Hills, AB T0G 2C0
$1,440,000 CAD
844-990-3647
4943 Chalmers Av, Swan Hills, AB for Sale
$1,440,000 CAD
Apartments - FOR SALE
1/7
null | 9.33% Cap Rate

4943 Chalmers Av
Swan Hills, AB T0G 2C0


HIGHLIGHTS

  • Excellent 9.33% Cap Rate for Great ROI
  • Substantially updated in 2019
  • Exceeds 1% Rent Rule = Strong Cash Flows
  • May qualify for up to 95% LTV CMHC MLI Select Insurance program
  • Excellent mix of tenants: medical professionals, oil & gas field workers, forestry workers, retirees, corporate tenants, teachers, and locals
  • On site caretaker

OVERVIEW

PRICED TO SELL WITH MOTIVATED SELLER!! Own Copperstone Manor with a 9.33% Cap Rate with excellent cashflows. This 24 suite apartment building was significantly renovated in 2019 with new luxury vinyl plank flooring throughout the suites; new paint; new bathrooms; new kitchen countertop and tile backsplash; new fire rated doors throughout, upgraded LED lighting, and too much to list. There is an excellent mix of 18 One Bedroom plus 6 Two Bedroom suites. Many suites are fully furnished. Excellent mix of tenants. Each suite is individually metered for electricity. New Hot Water Tank installed in 2024. New Boiler installed in 2010. The 35 year rated roof shingles were installed in 2008. On-site caretaker and helper. Don't miss this opportunity to get a fantastic cashflowing property!! NO VTB OR ASSUMABLE MORTGAGE.

FOR SALE DETAILS

PRICE

$1,440,000 CAD

PRICE/SF

$141 CAD /SF

# OF UNITS

24

PRICE/UNIT

$60,000

CAP RATE

9.33%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Copperstone Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

CT

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gary MaheXp RealtyMore Info
844-990-3647

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Gary MaheXp RealtyMore Info
844-990-3647

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