5014 53 St - Apartments FOR SALE


Camrose, AB T4V 1Z3
$2,647,331 CAD
587-844-0544
5014 53 St, Camrose, AB for Sale
$2,647,331 CAD
Apartments - FOR SALE
1/7
null | Request Cap Rate

5014 53 St
Camrose, AB T4V 1Z3


OVERVIEW

Introducing an exceptional investment opportunity in Camrose, Alberta: a 14-unit apartment portfolio comprising two distinct buildings. This portfolio offers a combination of new construction and established properties, ensuring a diverse and robust investment. 1. 8-Unit Building • Cap Rate: 5.75% • Asking Price: $1,399,816 • Price per Door: $174,977 This mid-sized property features 8 well-maintained units with a strong cap rate of 5.75%. It provides a lower entry point into the Camrose market while delivering solid returns. The building is ideal for investors looking for a property with manageable size and high-yield potential. 2. 6-Unit Building • Cap Rate: 5.75% • Asking Price: $1,247,515 • Price per Door: $207,919 The smallest property in the portfolio, this 6-unit building offers a competitive cap rate and a modest asking price. It is perfect for investors seeking to diversify their portfolio with a low-maintenance, high-return property. The building is situated in a desirable area, ensuring consistent tenant interest and occupancy. Each property within this portfolio is strategically located in Camrose, a city known for its strong economic fundamentals and growing rental market. The diverse unit sizes and competitive pricing provide flexibility and broad tenant appeal, ensuring steady rental income and occupancy.

FOR SALE DETAILS

PRICE

$2,647,331 CAD

PRICE/SF

$607 CAD /SF

# OF UNITS

14

PRICE/UNIT

$189,095

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

14 Unit Apartment Camrose Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,342 SF

ZONING

R3

APN/PARCEL ID

973100

ASK ABOUT THIS PROPERTY

Chris DaviesRE/MAX Commercial CapitalMore Info
587-844-0544

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Chris DaviesRE/MAX Commercial CapitalMore Info
587-844-0544

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