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$ 1,950,000
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5415 54 ST Ponoka, AB T4J 1M9
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Central Ponoka
MLS® Listing ID A2202165
Year Built 1978
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Multi Family
Property Description
Original owner has decided its time to retire after 47 years! This building has been meticulously maintained and offers an attainable 7% CAP rate. Rents have been well below market for several years, but will be brought closer to market on July 1/25. 18 Suites, consisting of 17 two bedroom and 1 one bedroom unit have historically had a very low vacancy rate. Excellent location in a town of over 7000 people. Ponoka has a bustling economy with 3 hospitals, agriculture and energy as well as the Ponoka Stampede. The owner has recently installed two new boilers (hot water heat), flooring in the common areas, fibreglass shingles on roof. Acrylic Stucco, windows, dura deck and deck rails have all been updated in the past few years. All units have had updating over time. There are 18 electrified parking stalls in the paved parking lot on the east side of the building. Plugins for parking are controlled inside each apartment. There are several very long term tenants in the building.
Location
Province AB
County Ponoka County
Zoning R4
Interior
Heating Boiler, High Efficiency, Hot Water, Natural Gas
Inclusions 18 Stoves, 18 Fridges, 2 Token Washers, 2 Token Dryers, All Window Coverings, Garden Shed
Exterior
Roof Type Asphalt Shingle
Lot Frontage 169.6
Total Parking Spaces 18
Building
Lot Description Back Lane, Landscaped, Near Shopping Center, Paved, Street Lighting
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Structure Type Concrete,Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 56560815
Listed by Century 21 Advantage