Home » Listings » 5326 50 Avenue, Lacombe, Alberta

5326 50 Avenue, Lacombe, Alberta T4L1C2

$1,575,000
Multi-family 0 0 11625 Sq Ft MLS® Number: A2231941
Photo of Melissa Morin

Melissa Morin

Century 21 Maximum

Last updated on June 20, 2025

Description

No vacancies! Excellent cash flowing 12 suite apartment building with prime location in Lacombe. All units are 2 bedroom, 1 bath with exception of one bachelor suite. Tenants pay power. Owner pays heat, water/sewer and garbage. Ample parking. New roof approx. 6-7 years ago. X2 coin operated washer & dryer, also recently replaced. Brand new motors in boiler. Newer HWT & furnace. Unit 303 was recently completely redone, new flooring, trim, paint, bathroom, etc. Most tenants have been there for 5 or more years. One tenant has been there 24 years. Every tenant in month to month except for one unit that just signed a 1 year lease June 1st. Overall a great building with potential for rent increases as most of the units are currently below market rent. (id:62138)

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