AB > Bowden
Bowden, AB T0M 0K0,2337 20 AVE #2-8
Bowden, AB T0M 0K0,2337 20 AVE #2-8
Bowden, AB T0M 0K0,2337 20 AVE #2-8
$555,000
$550,000 0.9%
Est. payment /mo
2,936 SqFt

UPDATED:

Key Details

Sold Price $555,000

Property Type Multi-Family

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 2,936 sqft

Price per Sqft $189

MLS® Listing ID A2192944

Year Built 1968

Annual Tax Amount $4,238

Tax Year 2024

Lot Size 8,250 Sqft

Property Sub-Type Apartment

Property Description

Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity. This is a commerical property and therefore must use a commerically liscened agent.

Location

Province AB

County Red Deer County

Zoning R-2

Interior

Heating Baseboard, Boiler, Natural Gas

Flooring Carpet, Laminate, Vinyl

Laundry In Basement

Exterior

Parking Features Parking Pad

Garage Description Parking Pad

Fence None

Community Features Park, Playground, Schools Nearby, Shopping Nearby

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Metal

Building

Lot Description Back Lane, Corner Lot, Lawn, Level, Near Golf Course, Near Shopping Center, Street Lighting

Story 2

Foundation Poured Concrete

Structure Type Concrete,Stucco,Wood Frame

Others

Pets Allowed No

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Listed by RE/MAX real estate central alberta
agent

Ken Rigel

Team Lead

+1(403) 207-1748

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