Skip To Content
Courtesy of Timothy Baker of Re/Max Real Estate.

5079/5075 47 AV

Lamont, AB T0B 2R0
  • $399,900
  • STATUS: Active
  • ID#: E4287489
UPDATED: 55 min ago
$399,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,236
    SQFT
  • $94
    $/SQFT
Neighbourhood:
Type:
Business Opportunity
Built:
2007
Area:

Description

The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.

Monthly Payment Calculator



© 2022 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2022-12-04T21:36:14.087 UTC.
Mortgage Calculator is provided by BoomTown.
www.liveinitia.ca/homes/127687768
Print Image

5079/5075 47 AV Lamont, AB T0B 2R0

  • Price: $399,900
  • Status: Active
  • On Site: Days
  • Updated: 55 min ago
  • ID#: E4287489
0
Beds
0
Baths
0
½ Baths
N/A
Acres
4,236
SQFT
$94
$/SQFT
2007
Built
Neighbourhood:
Lamont
Area:
Lamont
Property Description
The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.
Property Features

Land Use Zoning Commercial Major Business Type Other/See Remarks Minor Business Type Other/See Remarks Property Type Details Business With Property Transaction Type For Sale

© 2022 REALTORS® Association of Edmonton. All Rights Reserved.
Mortgage Calculator is provided by BoomTown.


© 2022 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2022-12-04T21:36:14.087 UTC.
Mortgage Calculator is provided by BoomTown.
 
https://bt-photos.global.ssl.fastly.net/alberta/1280_boomver_1_E4287489-2.jpg https://bt-photos.global.ssl.fastly.net/alberta/1280_boomver_1_E4287489-2.jpg https://bt-photos.global.ssl.fastly.net/alberta/1280_boomver_1_E4287489-2.jpg
Logo
Initia Real Estate
11823-114 Ave, #201
Edmonton AB, T5G 2Y6