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2-8, 2337 20 Avenue Bowden, Alberta T0M 0K0

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$550,000

MLS® Number: A2192944

Nestled in the quaint and quiet town of Bowden, this 7-suite apartment building is a rare find. Located within walking distance of local amenities, parks, arena and the k-12 school, this property is ideal for those seeking a tight-knit community vibe with all the conveniences of being located on the QE2 highway. This apartment is perfect for long-term tenants who enjoy a cozy and homely atmosphere. The building is currently occupied by long-term tenants, ensuring a stable and reliable rental income, with the manager living on site in one of the suites. The building has 3 studio apartments on the lower level, and 4- 2 bedroom suites located the the upper 2 floors. The top floor units have vaulted ceiling to create an even bigger feel. While the building is maintained, there is need for updates and modernization, offering an excellent opportunity for investors to increase the property's value and appeal. 10' x 10' shed with 6' roll up door. Building is no smoking and no pets. Tenants pay for power, telephone and cable. This property is perfect for investors seeking a stable income stream with the potential for future growth. Whether you're looking to expand your rental portfolio or make your first investment, this 7-suite apartment building in Bowden is a promising opportunity. (id:59126)

Property Details

MLS® Number A2192944
Property Type Multi-family
AmenitiesNearBy Park, Playground, Schools, Shopping
CommunityFeatures Pets Not Allowed
Features Back Lane, Level
ParkingSpaceTotal 7
Plan 54jk
TotalBuildings 1

Building

Appliances Washer, Refrigerator, Stove
ConstructedDate 1968
ConstructionMaterial Poured Concrete, Wood Frame
ConstructionStyleAttachment Attached
ExteriorFinish Concrete, Stucco
FlooringType Carpeted, Laminate, Vinyl
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Baseboard Heaters
StoriesTotal 2
SizeInterior 2936 Sqft
TotalFinishedArea 2936 Sqft
Type Apartment

Land

Acreage No
FenceType Not Fenced
LandAmenities Park, Playground, Schools, Shopping
LandscapeFeatures Lawn
SizeIrregular 8250.00
SizeTotal 8250 Sqft|7,251 - 10,889 Sqft
SizeTotalText 8250 Sqft|7,251 - 10,889 Sqft
ZoningDescription R-2

Parking

Parking Pad

Utilities

Cable Connected
Electricity Connected
Natural Gas Connected
Telephone Connected
Sewer Connected
Water Connected

https://www.realtor.ca/real-estate/27906943/2-8-2337-20-avenue-bowden

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