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Lawrence Apartments

Lawrence Apartments

$2,020,000

Investor Alert!! 15 unit apartment for sale in the busy Hub of High Prairie, Alberta! This three story, 15,000 sqft building features 15 units including 12 two bed units, 2 one bed units and 1 bachelor suite. The building is in excellent shape offers on site laundry and has been very well maintained. The current owners haven’t had a vacancy in the 8 years they have owned it and have a waiting list if a unit becomes available. The NOI for the building is $151,222. The location is excellent as the building is situated in the heart of the city, offering walking distance to all the amenities. High Prairie is the hub for the Big Lakes County, activity in the area include plenty of farming, a large lumber mill, oil and gas as well as a brand-new hospital to service the area. In the summer there are plenty of lakes and tourists in the area. This building offers a great investment for your portfolio.

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