Cochrane, AB T4C1Z5 105 First Avenue E
$1,839,000
Pending
45 more
Presented By: CIR Realty
Home Details
Are you ready to take your investment game to the next level with a TURN-KEY, RENOVATED 9-unit apartment building? Look no further than this exceptional multifamily property in Cochrane, AB offering an excellent mix of 4-two bedroom units and 5-one bedroom units. There is virtually nothing left to do but sit back, collect rent, watch your investment grow, and CASH FLOW. This town is experiencing unprecedented growth, with next to zero vacancy and not many rentals available, making it the ideal location for savvy investors. Tenants can walk to work and as is the case already for some of them which have reduced parking requirements. The building itself has been impeccably maintained, with recent improvements like new back door, fresh paint, new flooring, baseboards and most trim throughout all units; all bathrooms have been renovated and most kitchens. The kitchens that didn't get fully renovated received refinished cabinets, countertops, with new sinks and faucets. The appliances that needed replacement have been replaced and the rest are in great shape. The windows on the main floor were changed approximately 16 years ago, conveniently adding more energy savings to an already well-insulated building. The lights were all changed to LED to lower your energy bill. The balconies have all been redone and the boiler has been meticulously maintained with regular servicing and updated valves. The interior of the units received new shut-off valves for ease of operation. The garage can be utilized to install a storage locker and bike storage for additional income if needed. The rents are already competitive, but there's still room to increase them, giving you even more potential for profit. With fantastic financing options available through CMHC, this is an opportunity you don't want to miss. Cochrane's booming job market and small-town charm make it a magnet for quality tenants. Contact your trusted realtor now for more information on rent rolls, expenses, and how to make this investment yours!
Presented By: CIR Realty
Interior Features for 105 First Avenue E
Other Interior Features
Building Area Total SF7500.00
Building Area Total Metres696.77
EnsuiteNo
Main Level AreasSquareFeet
General for 105 First Avenue E
Business YNNo
Parking Total9
Property SubTypeMulti Family
Property TypeCommercial
Public RemarksAre you ready to take your investment game to the next level with a TURN-KEY, RENOVATED 9-unit apartment building? Look no further than this exceptional multifamily property in Cochrane, AB offering a
Structure TypeLow Rise (2-4 stories)
Subdivision NameEast End
Transaction TypeFor Sale
ZoningR-HD
Exterior for 105 First Avenue E
Building Area Total7500.00
Garage Y/NNo
Inclusions9 FRIDGES, 9 STOVES, 1 COIN OPERATED WASHING MACHINE, 1 COIN OPERATED DRYER
Lot Size Acres0.20
Additional Details
Ashley Hamilton-Sinclair
Sales Representative