$1,839,000
105 First AVE East Cochrane, AB T4C1Z5
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
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$1,839,000
Est. payment /mo
8,600 Sqft Lot
UPDATED:
11/03/2024 03:00 AM
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East End
MLS® Listing ID A2141553
Year Built 1973
Lot Size 8,600 Sqft
Acres 0.2
Property Description
THIS PROPERTY IS CONDITIONALLY SOLD UNTIL NOVEMBER 1ST, 2024. 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!
Location
State AB
County Rocky View County
Zoning R-HD
Interior
Inclusions 9 FRIDGES, 9 STOVES, 1 COIN OPERATED WASHING MACHINE, 1 COIN OPERATED DRYER
Exterior
Total Parking Spaces 9
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Tax ID 84130259
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Listed by CIR Realty
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