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Copperstone Manor 4943 Chalmers Av 24 Unit Apartment Building $1,031,578 USD ($42,982 USD/Unit) 9.33% Cap Rate Swan Hills, AB T0G 2C0
INVESTMENT HIGHLIGHTS
- Excellent 9.33% Cap Rate for Great ROI
- Exceeds 1% Rent Rule = Strong Cash Flows
- Excellent mix of tenants: medical professionals, oil & gas field workers, forestry workers, retirees, corporate tenants, teachers, and locals
- Substantially updated in 2019
- May qualify for up to 95% LTV CMHC MLI Select Insurance program
- On site caretaker
EXECUTIVE SUMMARY
PRICED TO SELL WITH MOTIVATED SELLER!! Own Copperstone Manor with a 9.33% Cap Rate with excellent cashflows. This 24 suite apartment building was significantly renovated in 2019 with new luxury vinyl plank flooring throughout the suites; new paint; new bathrooms; new kitchen countertop and tile backsplash; new fire rated doors throughout, upgraded LED lighting, and too much to list. There is an excellent mix of 18 One Bedroom plus 6 Two Bedroom suites. Many suites are fully furnished. Excellent mix of tenants. Each suite is individually metered for electricity. New Hot Water Tank installed in 2024. New Boiler installed in 2010. The 35 year rated roof shingles were installed in 2008. On-site caretaker and helper. Don't miss this opportunity to get a fantastic cashflowing property!! NO VTB OR ASSUMABLE MORTGAGE.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,031,578 USD | Property Subtype | Apartment |
| Price Per Unit | $42,982 USD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 9.33% | Lot Size | 0.38 AC |
| Gross Rent Multiplier | 5.2 | Building Size | 10,249 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1980/2019 |
| Zoning | CT - Town Centre Commercial | ||
| Price | $1,031,578 USD |
| Price Per Unit | $42,982 USD |
| Sale Type | Investment |
| Cap Rate | 9.33% |
| Gross Rent Multiplier | 5.2 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 10,249 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1980/2019 |
| Zoning | CT - Town Centre Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 18 | - | 470 |
| 2+1 | 6 | - | 670 |
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Copperstone Manor | 4943 Chalmers Av
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