For Sale - Multifamily Home
NAI Commercial Real Estate, have been retained by the Kings Court of Alberta on an exclusive basis to arrange for the Judicial sale of Aspen Manor Apartments, located at 9814 – 99 Street in Lac La Biche, Alberta (the “Property”). The Multi-Family property consists of a 3.5-storey wood-frame construction building with 30 suites and balconies. Value Add Property: There is strong potential to grow the Net Operating Income through in-suite renovations and the mark-to-market of rents in a rising rental rate environment Historically Low Vacancy and Turnover: The Property has a history of low vacancy rates, with many of the tenants having been at the Property for over two years Location: The neighbourhood benefits from access to major arterial roadways such as 101 Avenue and 101 Street.
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