2-8, 2337 20 Avenue, Bowden

$550,000

0 Beds
0 Baths
2,936 Sqft
.19 Acres
0 Garages

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.

Essential Information
MLS® #A2192944
Price$550,000
Bathrooms0.00
Square Footage2,936
Acres0.19
Year Built1968
TypeMulti-Family
Sub-TypeApartment
StatusActive
Community Information
Address2-8, 2337 20 Avenue
SubdivisionNONE
CityBowden
CountyRed Deer County
ProvinceAlberta
Postal CodeT0M 0K0
Amenities
Parking Spaces7
ParkingParking Pad
Utilities

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Interior
HeatingBaseboard, Boiler, Natural Gas
# of Stories2
Appliances

Electric Stove, Refrigerator, Washer, Gas Dryer

Exterior
RoofMetal
ConstructionConcrete, Wood Frame, Stucco
FoundationPoured Concrete
Exterior Features

Awning(s), Covered Courtyard, Lighting, Storage

Lot Description

Back Lane, Corner Lot, Near Golf Course, Lawn, Level, Near Shopping Center, Street Lighting

Additional Information
ZoningR-2
Office

RE/MAX real estate central alberta

LISTING MAP

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing ServiceĀ® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.