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98 4 Av 12 Unit Apartment Building $1,452,927 USD ($121,077 USD/Unit) 10.50% Cap Rate Fox Creek, AB T0H 1P0
Investment Highlights
- Located in Fox Creek – surrounded by existing and upcoming long term oil and gas projects.
- Fox Creek–Strategically positioned adjacent both the Kaybob South Field and Duvernay Formation.
- Well maintained, newer construction.
Executive Summary
• 12 Unit Apartment Building. All 2 bedroom units. Building is 100% rented
• Large adjacent parking lot (part of property).
• Great value / cash flow.
• Well maintained, newer construction.
• Located in Fox Creek – surrounded by existing and upcoming long term oil and gas projects.
• Massive drop in vacancy rates in 2024 & early 2025. 2025 & 2026 has seen rental rates spike due to lack of available rental housing as the vacancy rate drops further.
Contact the listing agent for additional information.
• Large adjacent parking lot (part of property).
• Great value / cash flow.
• Well maintained, newer construction.
• Located in Fox Creek – surrounded by existing and upcoming long term oil and gas projects.
• Massive drop in vacancy rates in 2024 & early 2025. 2025 & 2026 has seen rental rates spike due to lack of available rental housing as the vacancy rate drops further.
Contact the listing agent for additional information.
Property Facts
| Price | $1,452,927 USD | Apartment Style | Low-Rise |
| Price Per Unit | $121,077 USD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.57 AC |
| Cap Rate | 10.50% | Building Size | 10,860 SF |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 0.48/1,000 SF |
| Zoning | R-4 - High Density | ||
| Price | $1,452,927 USD |
| Price Per Unit | $121,077 USD |
| Sale Type | Investment |
| Cap Rate | 10.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.57 AC |
| Building Size | 10,860 SF |
| No. Stories | 3 |
| Year Built | 2006 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | R-4 - High Density |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
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