RE/MAX Prairie Realty

Vermilion, Alberta - 780-853-2120

  Buy a Home

Let me help you every step of the way. When purchasing a home, you are faced with a multitude of decisions!

  Sell your Home

When choosing to sell, I will always strive to get you for top dollar for your home in a timely manner.

 
Back to Blog
I have listed a new property at 4802 4804 RIVERSIDE DRIVE in Town of Vermilion.
Outstanding revenue opportunity in the Vermilion market. Vermilion's strong rental market has a low vacancy rate due to the Lakeland College, Fire, etc (Fire and Emergency training school), oilfield and agriculture markets. This property has been in the family since the 4-plex was constructed - and its time to hand over the 5 sets of keys. The 4-plex was built in 1971 and features two, two bedroom suites up and 2, 1 bedroom suites down. The picturesque river valley view provides large windows and ground level entrances for all units. Each unit shares a secure laundry room with 1 other unit. Also included in this package is a 1945 two bedroom, storey and a half home located next to the 4-plex. All units are currently rented out providing a turn key opportunity for the next owner! Annual income of $41,400.00 with a net operating income of approximately $31,399.00. Current market would allow rate adjustments. Contact listing associate for property statistics.
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.