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Bowden,AB T0M 0K0
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,936 sqft
Price per Sqft $187
MLS Listing ID A2192944
Originating Board Central Alberta
Year Built 1968
Annual Tax Amount $4,238
Tax Year 2024
Lot Size 8,250 Sqft
Acres 0.19
Lot Dimensions 110' x 75
Property Sub-Type Apartment
Property Description
Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity.
Location
Province AB
County Red Deer County
Zoning R-2
Interior
Heating Baseboard,Boiler,Natural Gas
Flooring Carpet,Laminate,Vinyl
Inclusions 7 fridges, 7 stoves, 2 dryers(bottom one broken), 1 coin operated washing machine, garden shed
Furnishings Unfurnished
Appliance Electric Stove,Gas Dryer,Refrigerator,Washer
Laundry In Basement
Exterior
Parking Features Parking Pad
Garage Description Parking Pad
Fence None
Community Features Park,Playground,Schools Nearby,Shopping Nearby
Utilities Available Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected
Roof Type Metal
Total Parking Spaces 7
Building
Lot Description Back Lane,Corner Lot,Lawn,Level,Near Golf Course,Near Shopping Center,Street Lighting
Story 2
Foundation Poured Concrete
Level or Stories Multi Level Unit
Structure Type Concrete,Stucco,Wood Frame
Others
Restrictions Non-Smoking Building
Ownership Private
Pets Allowed No