Courtesy of RE/MAX Real Estate.
Data was last updated 2025-01-07 at 02:16:37 GMT
$384,900

5079/5075 47 Avenue   Lamont, Alberta

MLS®: E4336041
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The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite.  Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.
The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.

Listing Information

Prop. Type:
Other
Status:
Active
City:
Lamont
MLS® Number:
E4336041
Neighbourhood:
Lamont
Area:
Lamont
Province:
Alberta
Listing Price:
$384,900

General Information

Year Built:
2007

VIP-Only Information

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This property is listed by RE/MAX Real Estate and provided here courtesy of Kyle Rossiter. For more information or to schedule a viewing please contact Kyle Rossiter.
Kyle Rossiter
MaxWell Polaris
Phone: 780-450-6300
Mobile Phone: 780-267-9942
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.