Drumheller, AB T0J0Y6,990 12 AVE SE
Drumheller, AB T0J0Y6,990 12 AVE SE
Drumheller, AB T0J0Y6,990 12 AVE SE
Drumheller, AB T0J0Y6,990 12 AVE SE
Drumheller, AB T0J0Y6,990 12 AVE SE
Drumheller, AB T0J0Y6,990 12 AVE SE
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$1,600,000

$2,370,000

32.5%
Est.Price: ?

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Est. payment /mo

0.6 Acres Lot


SOLD DATE : 04/29/2024

Key Details

Sold Price $1,600,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision North Drumheller

MLS® Listing ID A2092076

Sold Date 04/29/24

Originating Board Lloydminster

Year Built 1979

Annual Tax Amount $20,829

Tax Year 2023

Lot Size 0.597 Acres

Acres 0.6

Property Description

In the heart of the Canadian Badlands lies a great opportunity to acquire two 100% secured rental apartment investments located in the heart of Drumheller; one of Alberta’s most sought-after tourist destinations. With new industrial expansion and the installation of high-speed fiber optic internet for the ‘work-from-home’ employees, new investment to the development of the community is evident. Rare opportunity to acquire 29 multi family units. Excellent mix of suites. 11 One bedroom and 18 two bedroom suites. Definite opportunity to significantly increase income through a modest Capex program. Many suites have recent upgraded flooring paint and fixtures. Please refer to MLS A209024 for an additional 20 Unit multi family property just listed in Drumheller.

Location

Province AB

County Drumheller

Zoning R-4

Exterior

Total Parking Spaces 30

Building

Structure Type Wood Frame

Others

Restrictions None Known

Tax ID 85338062

Ownership Registered Interest

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Mark & Natalie Neustaedter

Mark & Natalie Neustaedter

+1(403) 585-6908

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by CDN Global Advisors Ltd.
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