Original owner has decided its time to retire after 47 years! This building has been meticulously maintained and offers an attainable 7% CAP rate. Rents have been well below market for several years, but will be brought closer to market on July 1/25. 18 Suites, consisting of 17 two bedroom and 1 one bedroom unit have historically had a very low vacancy rate. Excellent location in a town of over 7000 people. Ponoka has a bustling economy with 3 hospitals, agriculture and energy as well as the Ponoka Stampede. The owner has recently installed two new boilers (hot water heat), flooring in the common areas, fibreglass shingles on roof. Acrylic Stucco, windows, dura deck and deck rails have all been updated in the past few years. All units have had updating over time. There are 18 electrified parking stalls in the paved parking lot on the east side of the building. Plugins for parking are controlled inside each apartment. There are several very long term tenants in the building. (id:57594)
| MLS® Number | A2202151 |
| Property Type | Multi-family |
| Community Name | Central Ponoka |
| Features | Back Lane |
| Parking Space Total | 18 |
| Plan | 4923tr |
| Constructed Date | 1978 |
| Construction Style Attachment | Attached |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Central Heating, Hot Water |
| Stories Total | 3 |
| Size Interior | 12200 Sqft |
| Total Finished Area | 12173 Sqft |
| Type | Apartment |
| Acreage | No |
| Landscape Features | Landscaped |
| Size Irregular | 23087.00 |
| Size Total | 23087 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Size Total Text | 23087 Sqft|21,780 - 32,669 Sqft (1/2 - 3/4 Ac) |
| Zoning Description | R4 |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by 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 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. Used under license.
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