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Home AB Rocky Mountain House
4932 48 Street
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4932 48 Street $1,375,000
$1,375,000
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4932 48 Street
Rocky Mountain House, Alberta T4T1R1

MLS® Number: A2149862

Listing Description

Welcome to this fantastic investment opportunity in the heart of Rocky Mountain House, Alberta. This well-maintained 12-plex apartment building is fully occupied, offering a stable and reliable income stream for the savvy investor. Located in a desirable neighborhood in Rocky Mountain House, residents enjoy walkable access to local amenities, including schools, parks, shopping, and medical facilities. The low-rise apartment building features 12 units, each thoughtfully designed for comfortable living. There are eleven 2-bedroom suites, and one 1-bedroom suite. All suites have 1 electric fridge and stove/oven. There is a coin operated washer and dryer in the basement for all tenants to use. Each tenant as an assigned off-street parking stall with metered power. The building has had regular interior/exterior maintenance/upgrades, this includes the following: In 2008 rubber membrane roof, upper aluminum siding, all decks resurfaced with new railings installed, west side units the sliding patio doors were replaced with garden doors, in 2015 all exterior windows replaced, 2016 entrance doors replaced. All 12 units have had some renovations, as time permitted between tenants (paint, flooring, lighting, electrical plug, switches etc...) 2010 all units had counter tops replaced in Kitchens and bathrooms, appliances have been replaced as required, all building locks have been replace with a coded master lock system, in 2020 the building intercom and door lock system was upgraded, all hallway and common area lighting upgraded to LED, and lastly plumbing repairs have been completed as required. This property offers a good rate of return with reliable established tenants. (29324482)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
Rocky Mtn House
Subdivision Name
Rocky Mtn House
Land Size
Unknown
Built in
1977
Annual Property Taxes
$9,223.77
Total Parking Spaces
13
Time on REALTOR.ca
129 days

Building

Building Features
Foundation Type
Poured Concrete
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, (Natural gas)
Parking
Total Parking Spaces
13

Measurements

Square Footage
7211 sqft
Total Finished Area
7211 sqft
Exterior Building Size
7211 sqft

Land

Other Property Information
Zoning Description
RM
Data provided by: Pillar 9™

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