1.21 ACMultifamily$3,150,000Sale
1.21 AC
Multifamily
$3,150,000
Sale
Wayne C Paradis
RE/MAX River City
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Aspen Court is a 42 unit apartment complex of 2 bachelor units, 33 one bedroom and 7 two-bedroom units on 3 levels. This building has been well cared for with most suites being renovated on turnover over the last 7 or 8 years including new appliances and LVP floors. In addition to the suite-level renovations a substantial amount of capital work, a lot of CAPEX work has been completed including: Common areas floors & paint: March 2022, 2 New Commercial HWT: April 2022 & March 2021, New 35 year asphalt shingles: 2019, Common area security cameras: 2019, New shed November: 2016, New boiler September: 2013, New pump: 2021, Patios & sidewalks: 2010.
The Space
Asking Price$3,150,000
Available Space1.21 AC
Net Operating Income$$222,287.00
Property UseMulti family
Cap Rate7.06%
SourceDirect
The Building - Aspen Court
Aspen Court is a 42 unit apartment complex of 3 bachelor units , 33 one bedroom and 7 two-bedroom units on 3 levels. This building has been well cared for with most suites being renovated on turnover over the last 7 or 8 years including new appliances and LVP floors. In addition to the suite-level renovations a substantial amount of capital work, a lot of CAPEX work has been completed including: Common areas floors & paint: March 2022, 2 New Commercial HWT: April 2022 & March 2021, New 35 year asphalt shingles: 2019, Common area security cameras: 2019, New shed November: 2016, New boiler September: 2013, New pump: 2021, Patios & sidewalks: 2010.
Property TypeMultifamily
Floors3
Cap Rate7.06%
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