Multi Family Property Sold in Crystalridge, Okotoks at X Units (xxx-xxx), Xxx North Railway Street

X Units (xxx-xxx), Xxx North Railway Street
Okotoks - Crystalridge
Commercial
Sold for: $XXXXXXX
Listed for: $XXXXXXX
Sold 88 days ago
0 Baths

Welcome to a great investment opportunity in Okotoks, Alberta. Located on North Railway Street, this condo complex is within walking distance to wonderful local Okotoks businesses and is only a short drive to the city limits of Calgary. Now selling a block of 15 residential units (14 - 2 Bedroom units and 1 - 1 bedroom unit) this sale represents half of the total units in the complex 15/30 units. The condo complex has a convenient elevator, underground parking, and sits on a large corner lot. Condo fees are $349/month for the one bedroom unit and up to $552/month for many of the two bedroom units. Owners pay all electricity expenses for their respective units. Condo fees include heat, water, sewer, garbage and lawn maintenance. The current gross monthly revenue for all 15 units is $21,195 a month ($254,340 per annum) but rents are expected to increase to a total gross monthly of $23,795 a month come July 2023 ($285,540 per annum). Monthly expenses are $13,696 ($164,363 per annum). Each of the 15 units are separately titled and the owner would consider selling individually, 2, 4 or 6 unit blocks.

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Essential Information
MLS® #A2035926
Original Price$3,100,000
Last Ask Price$XXXXXXX
Sale Price$XXXXXXX
Sale Date2023-12-31
Days on Market276
Bathrooms0.00
Acres0.00
Year Built2007
TypeCommercial
Sub-TypeMulti Family
StatusSold
Community Information
SubdivisionCrystalridge
CountyFoothills County
ProvinceAlberta
Postal CodeT1S 0E2
Address

X Units (xxx-xxx), Xxx North Railway Street

Condo Information
Condo Fee$8,464
Amenities
Parking Spaces15
Exterior
RoofAsphalt Shingle
FoundationPoured Concrete
Construction

Concrete, Stone, Vinyl Siding, Wood Frame

Additional Information
ZoningNC
HOA Fees0.00
Listing Details
OfficeTOWN RESIDENTIAL

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