403.472.3009
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403.472.3009
CHRIS.MCANDREW@CENTURY21.CA
Century 21 Elevate Office: 30 Springborough Blvd SW, Suite 250, Calgary, AB T3H0N9
15 Units (102-404), 174 North Railway Street Okotoks, Alberta T1S 0E2
$3,100,000Maintenance,
$8,464 Monthly
Maintenance,
$8,464 MonthlyWelcome to a great investment opportunity in Okotoks, Alberta. Located on North Railway Street, this condo complex is within walking distance to wonderful local Okotoks businesses and is only a short drive to the city limits of Calgary. Now selling a block of 15 residential units (14 - 2 Bedroom units and 1 - 1 bedroom unit) this sale represents half of the total units in the complex 15/30 units. The condo complex has a convenient elevator, underground parking, and sits on a large corner lot. Condo fees are $349/month for the one bedroom unit and up to $552/month for many of the two bedroom units. Owners pay all electricity expenses for their respective units. Condo fees include heat, water, sewer, garbage and lawn maintenance. The current gross monthly revenue for all 15 units is $21,195 a month ($254,340 per annum) but rents are expected to increase to a total gross monthly of $23,795 a month come July 2023 ($285,540 per annum). Monthly expenses are $13,696 ($164,363 per annum). Each of the 15 units are separately titled and the owner would consider selling individually, 2, 4 or 6 unit blocks. (id:48042)
Property Details
| MLS® Number | A2035926 |
| Property Type | Multi-family |
| Community Name | Crystalridge |
| Parking Space Total | 15 |
| Plan | 0910178 |
| Road Type | Paved Road |
Building
| Constructed Date | 2007 |
| Construction Material | Poured Concrete, Wood Frame |
| Exterior Finish | Concrete, Stone, Vinyl Siding |
| Foundation Type | Poured Concrete |
| Type | Multi-family |
Land
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | Nc |
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March 31 2023 12:26:05
Calgary Real Estate Board
Town Residential