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$ 1,950,000
Est. payment /mo
Active
101-306, 5415 54 Street Ponoka, AB T4J1M9
12,173 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 12,173 sqft
Price per Sqft $160
Subdivision Central Ponoka
MLS® Listing ID A2202151
Originating Board Central Alberta REALTORS® Association
Year Built 1978
Lot Size 0.530 Acres
Acres 23087.0
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Central heating, Hot Water,
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 18
Private Pool No
Building
Lot Description Landscaped
Story 3
Others
Ownership Freehold
Listed by Century 21 Advantage