601 8 Street South Lethbridge, AB T1J 2K2

$1,280,000
0.22
Acres
$1,280,000
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LOW VACANCY RATE, REVENUE, AND EASY TO MANAGE! That is what this 8 - 2 bedroom unit apartment complex located in London Road offers. Currently rented to adults with no pets and the building is well maintained inside and outside with the roof recently being replaced in 2021. Building has forced air furnace for central hallways and two boilers (built-in redundancy) for the rest of the building. Boilers were replaced in December 2015. The building was condominiumized in 2007, but has always operated as a whole apartment building rented out by the owner. The condo by-laws are completed and a reserve fund study was completed as well. Being condos the mill rate is lower and property tax is, therefore, lower as well. Suites range in size from 750 sf (suites 5 and 8) to 925 sf (suites 1,2,3,4,6 and 7). All suites have their own separate storage unit. All suites have their own parking stall with electrical outlet and there are an additional four visitor parking stalls. This apartment complex also offers balconies for upper suites and patios for the two lower suites. Four suites have in suite laundry appliances. Four suites share two sets of washers and dryers in lower level laundry room. This condominiumized apartment building can be sold as separate condos by the future owner. Amenities: Walking distance to grocery store, coffee shops, ice arena, churches, and downtown Lethbridge (attractive to tenants). Serious inquiries are welcome!

LOW VACANCY RATE, REVENUE, AND EASY TO MANAGE! That is what this 8 - 2 bedroom unit apartment complex located in London Road offers. Currently rented to adults with no pets and the building is well maintained inside and outside with the roof recently being replaced in 2021. Building has forced air furnace for central hallways and two boilers (built-in redundancy) for the rest of the building. Boilers were replaced in December 2015. The building was condominiumized in 2007, but has always operated as a whole apartment building rented out by the owner. The condo by-laws are completed and a reserve fund study was completed as well. Being condos the mill rate is lower and property tax is, therefore, lower as well. Suites range in size from 750 sf (suites 5 and 8) to 925 sf (suites 1,2,3,4,6 and 7). All suites have their own separate storage unit. All suites have their own parking stall with electrical outlet and there are an additional four visitor parking stalls. This apartment complex also offers balconies for upper suites and patios for the two lower suites. Four suites have in suite laundry appliances. Four suites share two sets of washers and dryers in lower level laundry room. This condominiumized apartment building can be sold as separate condos by the future owner. Amenities: Walking distance to grocery store, coffee shops, ice arena, churches, and downtown Lethbridge (attractive to tenants). Serious inquiries are welcome!

  • Neighborhood
  • Type
  • County
    Lethbridge
  • Status
    Active
  • Listing #
    A1125227
  • Built
    1986
  • Lot Size
    0.22
  • Listed on site
    72 days

Listed by:

Source:
CREB

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Property details

Community Features

  • No HOA

Exterior features

  • No Pool
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