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Main Photo: 201 Coteau Street in Arcola: Multi-Family for sale : MLS®# SK893849
Photo 1: 201 Coteau Street in Arcola: Multi-Family for sale : MLS®# SK893849
Photo 2: 201 Coteau Street in Arcola: Multi-Family for sale : MLS®# SK893849
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Photo 36: 201 Coteau Street in Arcola: Multi-Family for sale : MLS®# SK893849
Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
SK893849
Year Built:
1983
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.
Listing Area:
Arcola
Property Type:
Multi-Family
Property Sub Type:
Residential Only
Building Type:
Low-Rise (3 floors and under)
Num Storeys:
2
Year built:
1983 (Age: 39)
Taxes:
$3,169 / 2021
Frontage:
50'
Ownership Title:
Freehold
Number of Elevators:
0
Smoke Detector:
Yes
Sprinkler system:
No
Heating:
Electric
Floor finish:
Wood
Construction:
Wood Frame
Exterior Finish:
Vinyl
Shared Laundry
Balcony, Lawn Back, Trees/Shrubs
Site Influences:
View Property
Equipment Included:
Fridge, Stove, Washer, Dryer, Window Treatment, Air Conditioning
# Units:
6
Bachelor Units:
4
1-Bedroom Units:
0
2-Bedroom Units:
2
3-Bedroom Units:
0
Total 4 bedroom units:
0
Total 5 bedroom units:
0
Lot Size:
6,000.04 sq. ft.
Parking Places:
8.0
Parking Places Covered:
0.0
Parking places open:
8
Date Listed:
May 09, 2022
Days on Mkt:
57
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Data was last updated July 5, 2022 at 07:35 PM (UTC)
Rory Clark

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