Family-owned and managed for the past 40 plus years! This 24-unit concrete apartment building has a great Crescent Heights location with easy access to transit, parks and especially a short walk to downtown. The building comprises 8 2-bedroom units and 15 1-bedroom units plus 1 bachelor unit. Some suites have spectacular downtown views. Tenants are mostly long-term with rents currently lower than market value leaving room to reach market rates. The building is well maintained including new roofing installed in 2015 with warranty extending to 2025. A high-efficiency boiler was installed in 2010 and a new hot water tank in 2016. Mechanical systems are in excellent condition, and the grounds are well maintained including new parking-lot pavement in 2017. Such high-quality buildings are precious and rarely on the market.
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Listing information last updated on October 30th, 2020 at 10:46am MDT.