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Tyler Martineau

Senior partner and listing specialist

  • Office 403-317-0300
Questions?

3620 23 Avenue S, Lethbridge, AB – $3,690,000

  • $3.7M Price
  • 47754 Acres
  • $3.7M Price
  • 47754 Acres

3620 23 Avenue S

What an amazing opportunity to own an entire building with 30 separate titles! This building has been meticulously taken care of since this owner has had it. There are 30 units in here. 21 of the units are 2 bedrooms, and 9 are 1 bedroom units. There are just two vacant right now. This building has a lot of long term tenants too! If you're looking at buying and holding real estate, this is a nice one to have in your portfolio. Gross income of almost $300,000 in 2018. If you fill this building up in the last two units, you would see a total rental pool of over $26,000/month. (2 bedroom units rent from $875, and 1 beds rent from $825-$850/month) One other thing to consider here is the fact that there are 30 separate titles. That means that you could fix up a unit, and sell it off if you ever wanted an influx of cash. Could you add $10,000 to each unit, and sell them all individually like a developer? That is a neat prospect that is hard to find in other buildings of this nature. If you have been looking for a complete package, this could be the one for you.

Essential Information

  • MLS® #LD0158950
  • Price$3,690,000
  • Acres47,754.00
  • Year Built1984
  • TypeMulti-Family
  • Sub-TypeLow Rise (1-4 Floors)
  • StatusActive

Community Information

  • Address3620 23 Avenue S
  • AreaLethbridge City
  • SubdivisionLethbridge City South
  • CityLethbridge
  • CountyLethbridge, County of
  • StateAB
  • Zip CodeT1K 5H9

Amenities

  • Parking Spaces35

Parking

Off Street Parking, Parking - Plug-In, Parking Space(s), See Remarks

Interior

  • HeatingBoiler, Hot Water, Radiant

Exterior

  • Exterior FeaturesBalcony
  • Lot DescriptionStandard
  • RoofShingle - Asphalt
  • ConstructionStucco
  • FoundationSlab

Additional Information

  • ZoningR-50

Listing Details

  • OfficeLethbridge Real Estate.com
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