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411 11 AVE SE Drumheller, AB T0J0Y6
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Drumheller
MLS® Listing ID A2092094
Sold Date 04/29/24
Originating Board Lloydminster
Year Built 1978
Annual Tax Amount $13,280
Tax Year 2023
Lot Size 0.483 Acres
Acres 0.48
Property Description
In the heart of the Canadian Badlands lies a great opportunity to acquire two 100% secured rental apartment investments located in the heart of Drumheller; one of Alberta’s most sought-after tourist destinations. With new industrial expansion and the installation of high-speed fiber optic internet for the ‘work-from-home’ employees, new investment to the development of the community is evident. Excellent mix of 8 one bedroom and 12 two bedroom suites. Many of the suites are upgraded with new laminate flooring, paint and fixtures. Significant opportunity to value-add by way of natural tenant turnover. Income can be increased through scheduled capex initiatives. Please refer to Listing Number A2092076 to acquire an additional 29 suite multi family apartment building in Drumheller. Long time owners and professional management are a strong consideration.
Location
Province AB
County Drumheller
Zoning R-4
Exterior
Utilities Available Cable Available, Electricity Available, Heating Paid For
Roof Type Asphalt Shingle
Total Parking Spaces 22
Others
Restrictions None Known
Tax ID 85338144
Ownership Registered Interest
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