Claresholm Alberta; 225K; almost 9 cap rate....tenant until 2016 w/ option to renew

Listing ID: C1018315     http://www.icx.ca/PropertyDetails.aspx?&PropertyId=10274736&PidKey=-1982044251
For Sale: $225,000

MLS® C1018315
  
Neighbourhood
: None
Address
: 122 50 AV W
Claresholm, Alberta   T0L 0T0
Price
: $225,000
 

General Description

DOWNTOWN CLARESHOLM (1hr+15 mins south of Calgary). Great opportunity for the investor who isn't looking for a job! Own land and building, and a reliable, worry-free tenant! Lease in place until 2016 (with option to renew). Tenant pays $24,000/yr + Utilities. Owner pays taxes $2,033/yr + Bldg Insurance $1,813/yr. Net Revenue approx: $20,154/yr. This is a land/building purchase only (no fixtures are included) - business is owned by the tenant. Please do not disturb tenant or customers when viewing. Appointment to view would be appreciated. Note: Bank/lender requires 35% cash down to purchase.
Retail
Land Size : 0.2780 ac   

Site Influences
Amenities Nearby : Shopping     Landscape Features : Landscaped
Site Features : Flat site

Sheryl L Leskiw
Associate
Telephone: 403-827-2093
Fax: 403-230-3736
Toll Free: 403-230-5590
Email REALTOR®
REALTOR® Website

DISCOVER REAL ESTATE LTD.
217, 222 - 16 AVENUE N.E.
CALGARY, Alberta   T2E 1J8
Telephone: 403-230-5590
Fax: 403-230-3736
Email Office
Office Website