5137 51 AV, Drayton Valley

2024-01-05
 

Quick Summary

Location
5137 51 AV, Drayton Valley, Alberta T7A1J7
Price
$399,000 CAD
Status:
For Sale
Property Type:
Office
Area:
4176ft2
Year of Construction:
1961

MLS®#E4369083

Property Description

This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants. (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 4176 sqft

Information entered by RE/MAX Vision Realty
Listing information last updated on: 2024-08-29 22:46:13


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