Parade View is a 12 unit, 2.5 story walk up apartment on .3 acres in Drayton Valley. The building was built by Fritz Gruber Construction in 1993 with a concrete foundation & wood frame construction. There are ten 2 bedroom units & two 1 bedroom. 8 units have balconies. The asphalt shingles were replaced 2 years ago. The asphalt paved lot has 12 tandem stalls allowing for 2 vehicles per unit with power that's connected to each suite. The coined laundry room is in the basement (2 washers & dryers). The front entry is set up with security intercom system. The exterior has concrete sidewalks & curbing. There is a storage shed for equipment & maintenance items. The utilities are paid by owners with exception of power & telephone. A very well maintained building & the newest one in town with a cap rate of 6%. NOTE:- If looking for more investments, there is a 2001 4plex with separate titles for $575,000 (MLS E4198805), and a 2003 side x side duplex with legal basement suites for $525,000 (MLS E4198826)
Contact Heather Malin About MLS® E4198788
Heather Malin, 780-621-8001 at RE/MAX Vision Realty, 5115 - 50th St (Box 6484), Drayton Valley, Alberta, T7A 1R9
Disclaimer: Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated October 21, 2020, 9:41 am.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.