Log In/Sign Up
Your email has been sent.
AlderGrove Apartments 103 Alder Dr 36 Unit Apartment Building $4,599,900 CAD ($127,775 CAD/Unit) 6.73% Cap Rate Hinton, AB T7V 1C6
Executive Summary
36 unit Multi Family residential development consisting of 3 building with 12 units each. Each buildings 2.5 story, wood-frame construction. surface parking power and visor stalls. Stucco siding mix vinyl brick exterior refreshed in 2023. Windows are double glazed replaced Boilers were 2020 each building.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$467,100
|
$12.98
|
| Other Income |
$7,776
|
$0.22
|
| Vacancy Loss |
$9,342
|
$0.26
|
| Effective Gross Income |
$465,534
|
$12.93
|
| Taxes |
$23,200
|
$0.64
|
| Operating Expenses |
$132,595
|
$3.68
|
| Total Expenses |
$155,795
|
$4.33
|
| Net Operating Income |
$309,739
|
$8.60
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $467,100 |
| Annual Per SF | $12.98 |
| Other Income (CAD) | |
|---|---|
| Annual | $7,776 |
| Annual Per SF | $0.22 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $9,342 |
| Annual Per SF | $0.26 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $465,534 |
| Annual Per SF | $12.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,200 |
| Annual Per SF | $0.64 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $132,595 |
| Annual Per SF | $3.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $155,795 |
| Annual Per SF | $4.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $309,739 |
| Annual Per SF | $8.60 |
Property Facts
| Price | $4,599,900 CAD | Building Class | C |
| Price Per Unit | $127,775 CAD | Lot Size | 1.17 AC |
| Sale Type | Investment | Building Size | 36,000 SF |
| Cap Rate | 6.73% | Average Occupancy | 97% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1979 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-M2 - Low Rise Apartment | ||
| Price | $4,599,900 CAD |
| Price Per Unit | $127,775 CAD |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 36,000 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1979 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-M2 - Low Rise Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
AlderGrove Apartments | 103 Alder Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.