This property is listed by RE/MAX Real Estate.
Data was last updated 2025-01-31 at 04:07:49 GMT
$414,900

5075/5079 47 Avenue   Lamont, Alberta

MLS®: E4367122
URL:    
The perfect Investment with an above 7% cap rate. Income is $45,420 per year. Expenses are $14,536 per year. Net income is $30,883 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Potential opportunity to expand this already completely full storage facility. Ability to expand the rental units to 28 units by adding 14 - 10x10 units. The property has 2 lots, one is zoned commercially and the other is zoned residentially.

Listing Information

Prop. Type:
Other
Status:
Active
City:
Lamont
MLS® Number:
E4367122
Neighbourhood:
Lamont
Area:
Lamont
Province:
Alberta
Listing Price:
$414,900

General Information

Year Built:
2007

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Location


Anu Khullar
RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
Office: 780-439-7000
Fax: 866-293-5424
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.