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4420 Pleasantview Dr High Prairie, Alberta T0G 1E0

43560 sqft


Great investment with a HIGH 6.74% Cap Rate!! Green Acres is a 33 Suite apartment building located at 4420 Pleasantview Drive, High Prairie, Alberta. This 2.5 story walk-up, wood frame construction with balconies/patios has an excellent suite mix of 22 one bedroom suites and 11 two bedroom suites. The building is in excellent shape with newer shingles, 2 newer hot water tanks, LED lighting throughout common and exterior, newer heating control zone valves and shut off valves in each suite, 14 energized covered parking spots, plenty of surface parking for tenants (energized) and visitors, plus coin-op washer and dryers (owned). Zero vacancies and operates at 100% occupancy with fantastic tenants in a quiet building. Room to increase rents with tenant waiting list. Many suites have been updated. High Prairie is an economic hub with 2 large lumber mills, new Hospital, new Northern Lakes College campus, Tim Hortons, Dairy Queen, farming, scrap metal facility and tourism. See REALTOR'S website for more details. (id:54790)

Property Details

MLS® Number E4311283
Property Type Multi-family
Neigbourhood High Prairie
Features Corner Site
Parking Space Total 33


Constructed Date 1982
Size Interior 43560 Sqft


Acreage Yes
Size Irregular 43560
Size Total 43560 Sqft
Size Total Text 43560 Sqft



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