Here is an amazing investment opportunity in the heart of oil country. This 6 suite apartment building in the thriving town of Arcola might be exactly what you are looking for to start or add to your investment portfolio. This property is extremely well looked after and cared for by the current owners, there are no visible maintenance issues, so just take over and you're in business. The 4 bachelor suites are located on the main floor and all have a kitchen, living room and 4 piece bath. The 2 bedroom suites, which are a good size at just over 600ft2, are located on the lower level. All units have there own A/C. Updates to the building include: All electrical in the lower level, some electrical on the main level (2008), Insulation R20 in basement, R12 main, R5 styrofoam on exterior (all 2008), siding (2009) & windows 2009. There are 3 gas water heaters that supply the 6 units. There is a shared laundry for a bit more income. This is a great opportunity to generate positive cash flow right away. Rental options are limited & the Arcola area is a high employment area and will only get busier as the oil industry ramps back up. Call listing agent with any questions or to set up a viewing.More details
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