4420 Pleasantview Dr High Prairie, Alberta T0G 1E0
$3,465,000
Great investment with a HIGH 6.74% Cap Rate!! Green Acres is a 33 Suite apartment building located at 4420 Pleasantview Drive, High Prairie, Alberta. This 2.5 story walk-up, wood frame construction with balconies/patios has an excellent suite mix of 22 one bedroom suites and 11 two bedroom suites. The building is in excellent shape with newer shingles, 2 newer hot water tanks, LED lighting throughout common and exterior, newer heating control zone valves and shut off valves in each suite, 14 energized covered parking spots, plenty of surface parking for tenants (energized) and visitors, plus coin-op washer and dryers (owned). Zero vacancies and operates at 100% occupancy with fantastic tenants in a quiet building. Room to increase rents with tenant waiting list. Many suites have been updated. High Prairie is an economic hub with 2 large lumber mills, new Hospital, new Northern Lakes College campus, Tim Hortons, Dairy Queen, farming, scrap metal facility and tourism. See REALTOR'S website for more details. (id:42336)
Property Details
| MLS® Number | E4311283 |
| Property Type | Multi-family |
| Neigbourhood | High Prairie |
| Features | Corner Site |
| Parking Space Total | 33 |
Building
| Constructed Date | 1982 |
| Size Interior | 43560 Sqft |
Land
| Acreage | Yes |
| Size Irregular | 43560 |
| Size Total | 43560 Sqft |
| Size Total Text | 43560 Sqft |
https://www.realtor.ca/real-estate/24821613/4420-pleasantview-dr-high-prairie-high-prairie
Interested?
Contact us for more information
Gary Mah
Associate
https://garymah.exprealty.com/
1400-10665 Jasper Ave Nw
Edmonton, Alberta T5J 3S9
(403) 262-7653
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
December 19 2022 11:14:35
REALTORS® Association of Edmonton
Exp Realty