Sandpiper and Viking Apartment - Red Deer and Leduc.pdf
Sandpiper and Viking Apartment - Red Deer and Leduc.pdf
Sandpiper and Viking Apartment - Red Deer and Leduc.pdf
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
I N V E S T M E N T O P P O R T U N I T Y<br />
MULTI-FAMILY BUILDINGS<br />
FOR SALE<br />
<strong>S<strong>and</strong>piper</strong><br />
<strong>Apartment</strong>s<br />
5820 – 58A Avenue<br />
<strong>Red</strong> <strong>Deer</strong>, Alberta<br />
<strong>Viking</strong><br />
<strong>Apartment</strong>s<br />
5016 – 51 Avenue<br />
<strong>Leduc</strong>, Alberta<br />
LOCAL<br />
EXPERTISE<br />
MATTERS<br />
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
BUILDING AND SALE PARTICULARS<br />
<strong>S<strong>and</strong>piper</strong><br />
<strong>Apartment</strong>s<br />
ADDRESS: 5820 – 58A Avenue, <strong>Red</strong> <strong>Deer</strong>, Alberta<br />
LEGAL: 934AJ, Block 3, Lot X. Condo Plan 0720613<br />
STATUS: Strata titled<br />
UNITS: 20 one-bedroom, 3 two-bedroom<br />
SIZE:<br />
BUILT: 1979<br />
3 Units at ±750 sq. ft.<br />
4 Units at ±680 sq. ft.<br />
16 Units at ±580 sq. ft.<br />
TYPE: 2 ½ story walk up<br />
EXTERIOR: Siding <strong>and</strong> wood<br />
CONSTRUCTION:<br />
Wood frame with concrete overlay<br />
ROOF: Flat – tar <strong>and</strong> gravel<br />
PARKING: 30 stalls paved, 26 energized<br />
BALCONIES: 18<br />
HALLWAYS: Pressurized<br />
FINANCIAL INFORMATION:<br />
Monthly Rent (potential):<br />
$18,380 per month (Two vacancies as of May 1)<br />
Average Monthly Expenses (including Property Tax):<br />
$5,968.10 per month<br />
Financing:<br />
Treat as free <strong>and</strong> clear<br />
<strong>Viking</strong><br />
<strong>Apartment</strong>s<br />
ADDRESS: 5016 – 51 Avenue, <strong>Leduc</strong>, Alberta<br />
LEGAL: Plan 0625477<br />
STATUS: Strata titled<br />
UNITS: 1 one-bedroom, 11 two-bedroom<br />
SIZE:<br />
BUILT: 1969<br />
1 Unit at ±600 sq. ft.<br />
3 Units at ±785 sq. ft.<br />
8 Units at ±807 sq. ft.<br />
TYPE: 2 1/2 story walk up<br />
EXTERIOR: Stucco <strong>and</strong> Brick<br />
CONSTRUCTION:<br />
Wood frame with concrete overlay<br />
ROOF: Low slope gable. Recent upgrade<br />
PARKING: Rear Parking Lot - 12 Stalls (graveled)<br />
BALCONIES: 8. New surface <strong>and</strong> railings<br />
HALLWAYS: Pressurized<br />
FINANCIAL INFORMATION:<br />
Monthly Rent:<br />
$12,045 per month (After contractual rent increases.<br />
Currently $11,405 per month)<br />
Average Monthly Expenses (including Property Tax):<br />
$3,828.34 per month<br />
Assumption of existing mortgage<br />
Financing:<br />
Principal Outst<strong>and</strong>ing $1,160,937<br />
(as of Dec 21, 2012)<br />
Amortization 30 years<br />
Interest Rate 3.66%<br />
Monthly Payment $5,316<br />
Maturity Date Dec. 1, 2017<br />
Guarantees outst<strong>and</strong>ing $582,263<br />
Lender<br />
First National<br />
TOTAL PRICE FOR BOTH BUILDINGS: $4,150,000.00
SANDPIPER APARTMENTS, RED DEER<br />
VIKING APARTMENTS, LEDUC
RED DEER, AB<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
N<br />
<br />
<br />
<br />
N<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
SANDPIPER APARTMENTS<br />
<br />
<br />
<br />
<br />
<br />
<br />
67 Street<br />
<br />
<br />
<br />
<br />
<br />
58A St<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Taylor Drive<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
SANDPIPER APARTMENTS<br />
<strong>Red</strong> <strong>Deer</strong>’s population is around 92,000 <strong>and</strong> is experiencing<br />
strong growth. The City of <strong>Red</strong> <strong>Deer</strong> is centrally located along<br />
the Queen Elizabeth II Highway approximately 150 km between<br />
the two major cities of Calgary <strong>and</strong> Edmonton.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Taylor Drive<br />
Kerry Wood Drive<br />
<strong>Red</strong> <strong>Deer</strong><br />
River<br />
LEDUC, AB<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
N<br />
N<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
50 Avenue<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
VIKING APARTMENTS<br />
<br />
<br />
<br />
51 Street<br />
VIKING APARTMENTS<br />
51 Avenue<br />
50 Street<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
QEII<br />
<br />
<br />
<br />
<br />
<strong>Leduc</strong>’s population is over 25,000, <strong>and</strong> the city continues to<br />
experience strong growth. The city experienced 5.6% growth<br />
between 2011 <strong>and</strong> 2012. The city is just 15 minutes south of<br />
the City of Edmonton along the Queen Elizabeth II Highway.<br />
<br />
50 Avenue<br />
The information contained herein has been gathered from sources deemed reliable, but is not warranted as such <strong>and</strong><br />
does not form any part of any future contract. This offering may be altered or withdrawn at any time without notice.<br />
LOCAL<br />
EXPERTISE<br />
MATTERS<br />
FOR MORE INFORMATION OR TO VIEW, PLEASE CONTACT:
Change language