$ 4,600,000
5211-45 ave Vermilion, AB T9X 0A5
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$ 4,600,000
Est. payment | /mo
19,320 SqFt
$ 4,600,000
Est. payment | /mo
19,320 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type for sale
Square Footage 19,320 sqft
Price per Sqft $238
MLS® Listing ID E4360203
Year Built 2009
Property Description
Welcome to Morton Apartments in Vermillion, well maintained 41 unit Townhomes close to all amenities and Lakeland College. Currently has no vacancy. Current Owners have built this site in 3 phases with first Bldg built in 2009, then in 2013, and last building in 2015. The site sits on 2.55 Acre, 82 energized parking stalls, 60 visitor stalls , There is great opportunity to add another 15-18 units on the site. Current Owners have kept the rents below market, opportunity to increase the Rent. Bldg A, BUILT IN 2009 has 9 units 2 beds/2 baths, Bldg B built in 2013, has 12 Units with 2 beds and 2 Baths and Bldg C built in 2015 with 20 Units, 19 units -2 beds and 2 baths and 1 unit - 1 bed and 1 Bath. All units have in suite laundry , all tenants pay their own power.
Location
Province AB
Area Vermilion River
Building
Story 2
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Christie Bergman • MaxWell Progressive
Thanks for stopping by. My name is Nathan Lorenz, REALTOR® at Real Broker here in the Greater Edmonton area real estate market helping clients buy, sell, or invest in real estate.
So if you are here to learn about the real estate and housing markets, learning specifically about the Edmonton and area real estate market, or investing in real estate, I can be your guide!
I would love to connect!