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5027 Industrial Rd. Drayton Valley, Alberta T7A 1R4

$289,000

Econorest Suites consist of two former office buildings converted to rental units with a total size of 6,229 sqft (4,456 sqft for both floors of bi-level building , and 1,773 sqft for single floor of single storey building). The northerly building (the larger bi-level building) has been recently been stripped (and is therefore not tenant occupied) and awaits a renovation by the new Buyer. Prior to the stripping of the northerly building it contained 12 rental units, a common kitchen, laundry room, mechanical room and two 3 piece bathrooms; one could upon renovating go back to the same composition of rooms. The southerly building (smaller single storey building) contains 5 rental units, a common kitchen, mechanical room and one 3 piece bathroom. 4 units within the single storey building are currently leased for $500 monthly each. When Econorest Suites was most recently fully leased, it generated $10,200 in monthly rental revenue. List price is $168,000 less than the 2022 municipal tax assessed value. (id:43936)

Property Details

MLS® Number E4323297
Property Type Multi-family
Neigbourhood Drayton Valley
Parking Space Total 8

Building

Constructed Date 1979

Land

Acreage No
Size Irregular 17600
Size Total 17600 Sqft
Size Total Text 17600 Sqft

https://www.realtor.ca/real-estate/25162157/5027-industrial-rd-drayton-valley-drayton-valley

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Roger R. Mackinnon
Broker

(780) 621-8900
(780) 542-7727
www.century21.ca/roger.mackinnon

Century 21 Hi-Point Realty Ltd
Box 6084
Drayton Valley, Alberta T7A 1R6

(780) 542-3223
(780) 542-7727
www.century21.ca/hipointrealty

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