2 8-Plexes For Sale

Multi-Family for Sale
Catylist Listing ID: 30831623
Number of Units: 16 Units
Building Size (RSF): 15,918 SF
Gross Building Area: See Agent
Gross Land Area: 33,393 SF
Sale Price: $1,790,000
Unit Price: $111,875 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 2/2/2023

Overview / Comments

Offers to be submitted by Friday, February 3rd at 12pm (noon).

Rare opportunity to purchase a one-owner investment property! These 2 – 8 plexes offer a total of 16 – 2 bedroom, 1 bathroom rental units, with laundry in every suite! The property features a shared 18 space parking lot, and 2 storage buildings that offer storage for every unit. One 8-plex building was built in 1978, and the other was newly built in 2022. Each building offers separately metered utilities for each unit, baseboard heat, a ductless air conditioning unit and appliances included. Contact your realtor for more info, financial information available upon request.

228 – 4th Ave SE, Altona

– 8 units x 840 sq ft/unit (6,702 sq ft total)

– Built in 1978

– 2 bedrooms, 1-4pc bathroom, laundry closet

– 4 appliances included (fridge, stove, washer, dryer)

– Each unit has baseboard heating and a ductless air conditioning unit

– 2nd floor units only: each have a balcony, and a supplementary fan heater by the stairs

240 4th Ave SE, Altona

– 8 units x 1,152 sq ft/unit (9,216 sq ft total)

– Built in 2022

– 2 bedrooms, 1-4pc bathroom, laundry room

– 5 appliances included (fridge, stove, dishwasher, washer, dryer)

– Each unit has baseboard heating, a ductless air conditioning unit and HRV

– Each unit has a balcony

Additional Details

Submarket/Township: R35
Tax ID/APN: 58600.000
Zoning: RMD
Total Number of Buildings: 2
Parking Type: Surface
Total Parking Spaces: 18
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Dave Kasdorf Personal Real Estate Corporation

Choice Realty Ltd. CPIX® Member
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