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Killam,AB T0B 2L0
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type for sale
Square Footage 14,940 sqft
Price per Sqft $45
MLS Listing ID E4381066
Year Built 1966
Property Description
Fantastic value with reliable tenants in this 8 unit multi-family apartment complex. Located in Killam Alberta, Flagstaff Country, with a population of ~1000 people. This complex is located across the street from the Killam Health Care Centre, and is one of only two apartment buildings located in the town. Low maintenance tenant population, low vacancy rate. This building is a 1.5 story walk-up and consists of wood frame construction. Gable roof, balconies on upper units. New boiler 2023. 2x new H2O tanks 2022. Laundry facilities. Large, 14,940 square foot lot with 8 parking spaces. Mix of 2x 1-bedroom units, and 6x 2-bedroom units. The cap rate is 7.7%.
Location
Province AB
Community Killam
Area Flagstaff
Building
Story 1.5