98 4 Av - Apartments FOR SALE


Fox Creek, AB T0H 1P0
$1,995,000 CAD
587-809-2505
98 4 Av, Fox Creek, AB for Sale
$1,995,000 CAD
Apartments - FOR SALE
1/1
null | 10.5% Cap Rate

98 4 Av
Fox Creek, AB T0H 1P0


HIGHLIGHTS

  • Located in Fox Creek – surrounded by existing and upcoming long term oil and gas projects.
  • Well maintained, newer construction.
  • Fox Creek–Strategically positioned adjacent both the Kaybob South Field and Duvernay Formation.

OVERVIEW

• 12 Unit Apartment Building. All 2 bedroom units. Building is 100% rented • Large adjacent parking lot (part of property). • Great value / cash flow. • Well maintained, newer construction. • Located in Fox Creek – surrounded by existing and upcoming long term oil and gas projects. • Massive drop in vacancy rates in 2024 & early 2025. 2025 & 2026 has seen rental rates spike due to lack of available rental housing as the vacancy rate drops further. Contact the listing agent for additional information.

FOR SALE DETAILS

PRICE

$1,995,000 CAD

PRICE/SF

$184 CAD /SF

# OF UNITS

12

PRICE/UNIT

$166,250

CAP RATE

10.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2006

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

R-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kael SmithAvenue CommercialMore Info
587-809-2505

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Kael SmithAvenue CommercialMore Info
587-809-2505

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