LOADING


LOADING

$399,000

5137 51 Av, Drayton Valley, Alberta T7A 1J7 (26390942)

4176 sqft

5137 51 AV

Drayton Valley, Alberta T7A1J7

This property is in the downtown core with great exposure & lots of public parking to the west of the building as well as street parking. Currently there are 4 tenants and room for more. There is a general assessment for 2022. Current rent is $48,240.00 per year. The front end used to have a restaurant which would increase the rent substantially. Expenses run around $18,000 annually which includes the insurance, taxes, utilities, maintenance & snow removal. The owner is currently paying these expenses. A party wall agreement is in process of being completed. The roof is torch on, the 2 furnaces are set up with air conditioning. Recently the furnaced were serviced professionally. There are 3 hot water tanks in the building. One is due to be replaced. There are 2 common area bathrooms. In 1990 the windows and framing were renovated. Gas meters were switched to one bill to save on costs & could be reversed. There are no leases or damage deposits with the tenants. (id:50955)

Property Details

MLS® Number E4369083
Property Type Office
Neigbourhood Drayton Valley

Building

ConstructedDate 1961
SizeInterior 4176 Sqft

Land

Acreage No

Joanie Johnson

Realtor®

Steven Falk

Realtor®

Listing Courtesy of:


RE/MAX Vision Realty
Po Box 6484
Drayton Valley, Alberta T7A 1R9

(780) 542-4040
(780) 542-6040

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