$2,400,000
FOR SALE

Multiplex

10118 100 Avenue #101-215
Peace River, AB T8S 1R3

Now available is a mixed use building with 26 titled units , 4 commercial spaces and 29 underground titled parking stalls all owned and controlled by one entity. There are 16 - 1 bed units and 10 2 - bed units with 4 of the 2 bed units furnished. There are 4 commercial spaces on the main floor with 2 currently leased to professional corporations, one an engineering firm the other a medical clinic, with a total rent of $3780 per month between the two commercial tenants - the remaining spaces are 1600 and 1900 sq ft approx and the commercial rents are all inclusive rents. The building is self managed by the owner and they have been managing it for almost 20 years.. This property is located in the down town area of Peace River and is within walking distance to all the amenities needed but the secure and heated underground parking is available for tenants as well if desired - this is one of the few buildings in this municipality with secure underground parking. There is revenue from parking, laundry, commercial rents and residential rents with a very good return. In addition there is a small lot that supplies overflow parking off street for about 8-10 vehicles - great for visitors or additional vehicles. Residential and commercial income in Aug 2024 was $25,500 +/- with 2 residential units vacant and 3500 sq ft of commercial space divided between 2 parcels vacant as well - this allows for potential income stream to increase substantially!! (id:47421)
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Listed By Century 21 Town and Country Realty
Data Provided By Grande Prairie & Area Association of REALTORS®
MLS® Listing Number A2172417
Last Updated Oct 10, 2024
Property Summary
Property Type Multiplex

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Community Downtown
Price History

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Detailed Information
Listing Contract Date 2024-10-10
Municipal ID 0026927367
Ownership Type Freehold
# of Parking Spaces 37
Plan 0221702
Property Type Multi-family
Transaction Type For sale
Zoning Description Mixed Commercial/Residentail
Building
Constructed Date 1984
Construction Material Poured concrete, Wood frame
Construction Style (Attachment) Attached
Cooling Type None
Exterior Finish Concrete
Flooring Type Carpeted, Laminate, Linoleum
Foundation Type Block, Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air, Hot Water, Radiant heat
Stories Total 3
Total Finished Area 32080 sqft
Type Apartment
Parking Spaces
Name Spaces
Garage
Heated Garage
Land
Total Size Unknown

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