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Renanza Realty
For sale

1006 / 1008 11 Avenue

High River, Alberta

MLS® A2343935

$1,600,000

Status
Active
Property type
Office
MLS® number
A2343935
Bedrooms
Bathrooms
Year built
1998

Listing description

AMAZING INVESTMENT OPPORTUNITY! This well-designed 4,897 sq. ft.

commercial building, as well as, a fully occupied 4 Plex located next to the daycare. The commercial building is home to an established daycare with a long-term tenant and a lease in place for approximately 3 more years. The property is leased on a triple-net basis, providing the owner with an attractive and predictable income stream while minimizing landlord operating expenses.

The building is ideally configured for daycare operations and features a welcoming lobby, multiple offices, 2 kitchens, 7 dedicated play areas, 9 two-piece bathrooms, laundry room and 2 large outdoor play areas. The functional layout and extensive improvements make this an excellent facility for the existing tenant and provide strong appeal for future daycare use. The current lease provides a competitive cap rate, making this an excellent opportunity for an investor seeking stable commercial income with an established tenant.

This property is being offered for sale in conjunction with the adjacent 4 Plex property. Both properties are separately titled and must be purchased together as a package. Please see additional linc as supplied.

4 Plex, TURN-KEY INVESTMENT OPPORTUNITY IN HIGH RIVER! This solid 4-plex offers an excellent opportunity for investors looking for a fully rented, income-producing property with long-term tenants. Each spacious one-bedroom unit features its own in-suite laundry, additional storage, a 4-piece bathroom, large living area and a spacious, functional kitchen.

All four units are currently rented, generating a total monthly rental income of $4,950. 00. A great addition to any investment portfolio with four self-contained units and dependable rental income.

Call today to view this great investment opportunity and start building your portfolio!

Property summary

MLS® number
A2343935
Property type
Office
Building type
Offices
Square footage
4,897 sq ft
Land size
1761.6 square meters
Built in
1998
Annual property taxes
$13,047.00
Days on market
5 days

What would this home cost you?

Based on the $1,600,000 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$7,445 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Century 21 Foothills Real Estate, HIGH RIVER.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.