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


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5137 51 Av Drayton Valley, Alberta T7A 1J7

4176 sqft

$399,000

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:36938)

Property Details

MLS® Number E4369083
Property Type Office
Neigbourhood Drayton Valley

Building

ConstructedDate 1961
SizeInterior 4176 Sqft

Land

Acreage No

https://www.realtor.ca/real-estate/26390942/5137-51-av-drayton-valley-drayton-valley

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