5015 48 St - Apartments FOR SALE


Legal, AB T0G 0B1
$699,900 CAD
587-858-5777
5015 48 St, Legal, AB for Sale
$699,900 CAD
Apartments - FOR SALE
1/44
null | 6.5% Cap Rate

5015 48 St
Legal, AB T0G 0B1


OVERVIEW

7-UNIT CASH FLOWING MULTI-FAMILY Strong In-Place Income | Rental Upside | Undersupplied Market Excellent 7-UNIT MULTI-FAMILY INVESTMENT OPPORTUNITY in the growing community of Legal, Alberta. This cash-flowing asset offers STRONG IN-PLACE INCOME with significant upside potential in an undersupplied rental market. Fully tenanted with a diverse unit mix consisting of 4 x 2-bedroom, 1 x 3-bedroom, 2 x 1-bedroom, and 1 bachelor suite, providing excellent tenant diversification and stable revenue. Current annual gross income of approximately $96,400 with opportunity to increase rents over time as units turn over to market rates. Strong projected NOI and attractive cap rate potential make this an ideal addition to any investment portfolio. Strategically located within commuting distance to Edmonton, Legal continues to benefit from regional growth and demand for affordable housing. Limited competition in this asset class and increasing interest in secondary markets create compelling long-term upside. A rare chance to acquire a TURNKEY income-producing property with immediate cash flow and future appreciation potential.

FOR SALE DETAILS

PRICE

$699,900 CAD

PRICE/SF

$246 CAD /SF

# OF UNITS

7

PRICE/UNIT

$99,986

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,000 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Calvin HexterCalvin RealtyMore Info
587-858-5777

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

Calvin HexterCalvin RealtyMore Info
587-858-5777

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