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4504 56A Av 8 Unit Apartment Building $699,845 USD ($87,481 USD/Unit) Lloydminster, AB T9V 1A1
Investment Highlights
- 8-Suite Apartment Rental Building
- Quiet residential neighborhood
- Surrounded by a stable residential subdivision
Executive Summary
This 8-suite apartment rental building is just the opportunity you have been looking for. There are 5 (2 bedroom) units and 3 (1 bedroom) unit in the building. This building has been well maintained over the years with improvements and upgrades to the heating system, added insulation in attic space, PVC windows, metal roofing- three suites have been renovated over the last few years, with one suite undergoing an entire makeover in the last 2 years. The building has two units that have been rented as Airbnb short term rentals with the balance of the units rented on monthly rental agreement. This is a well-managed building that generated total income from July 1, 2024- June 30, 2025, at $141,229.45 - after airBnb cleaning/hallway cleaning, snow removal and lawn care, property management, garbage, building insurance, property tax, utilities and repair and maintenance this building generated a total revenue of 80,073.00. Located in a quiet residential neighborhood, surrounded by a stable residential subdivision, this 8 suite building is a perfect investment that requires minimal effort to maintain. MLS # A2273578
Property Facts
| Price | $699,845 USD | Apartment Style | Low-Rise |
| Price Per Unit | $87,481 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| No. Units | 8 | Building Size | 8,646 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Zoning | R4 - Medium Density Residential (R4) District | ||
| Price | $699,845 USD |
| Price Per Unit | $87,481 USD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 8,646 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R4 - Medium Density Residential (R4) District |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 3 | - | - |
1 1
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