4944 54 (Melissa) Street #1-6 Eckville, AB T0M 0X0

Investment Opportunity in the Town of Eckville. Fisher Apartments has 6 residential units; four 2-bedroom units and two 1-bedroom units, all with one washroom. The lot size is 150X150 with ample parking at the back of the building all with plug-ins for the winter. Over the years the building has had many upgrades including concrete work around the building, bathroom updates, laminate flooring in all units, vinyl windows, metal roof. Most recent improvement is the sewer pipes to the street, some new appliances in certain units. Units are always rented out, no advertising required. Monthly rent for the building is $3400.00. Renters pay their own utilities (metered); landlord pays the town bill; water/sewer/garbage ($4005.00/yr.), insurance for the building is $4592.00/yr.). The location is across the street from both schools and an easy walk to main street. There are no restrictions on occupancy. There is 1 unit that is 900 sq/ft. w. a concrete basement; 3 units are 800 sq. ft.; 2 units are 600 sq. ft. This has potential for senior residences with few stairs or occupy one unit and rent the remainder.