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Aspen Manor
9814 99 Street
Lac la Biche, Alberta T0A 2C0

25,000sqft

For Sale - Multifamily Home

Alberta - Lac la Biche - 99 Street

Description

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.

Key Details

Property Type
Multifamily Home
Size
25,000 Sqft
Sale Price
$2,080,000
Brochure:
Download

Size & Measurements

Unit Size
25,000 Sqft
Multifamily Home Portion
25,000 Sqft

Pricing

Sale Price
CA$2,080,000.00

Building Information view

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NAI Commercial Real Estate Inc.
NAI Commercial Real Estate Inc.
NAI Commercial Real Estate
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