FULLY rented 40 suite apartment building located in the highly desirable City of Lacombe. This gorgeous property has a great suite mix with 37 2-bedroom-2 bathroom suites and 3-1 bedroom 1-bathroom suites with elevator access. Built in 2021 this building is in excellent condition and rents very quickly if any vacancies arise. The modern flair of the building and suite interiors, along with spacious decks and living area make this building a high demand rental property. Each suite has its own stove, fridge, dishwasher, OTR microwave and stacking washer/dryer. Each suite has its own cooling and heating system. Tenants pay their bill. There are 40 energized parking stalls, visitor parking and a few extra if need be. There is also off street parking. The roof is low slope with asphalt shingles. 61 Mackenzie Ranch Way is also for sale (sister building) MLS# A2013581 , and can be purchased together with 81 Mackenzie Ranch Way if desired. This building has a CMHC mortgage in place with a low interest rate that must be assumed with qualified purchaser. DETAILS- Mortgage balance: $5494262.19, Interest rate: 2.46%, Amortization: 30 years, Term: 10 years, Maturity date: 2031/03/01, Payment: $25163.36 P.I.T. Cap Rate is 5% based on pro-forma. (Photos show both 61 & 81 Mackenzie Court)
Courtesy of RCR - Royal Carpet Realty Ltd..
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