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# 1-6, 5109 50th Street , High Prairie, AB
$395,000
Multi-Family · MLS® A22593114,800Sq Ft
6Garage
1945Year Built
02 / Overview
PROPERTY OVERVIEW
The High Apartment Buildings, a historic trademark of High Prairie since 1945, began its life as "The High Motel" and
has since evolved into a charming multi-use property. Today, it offers six apartments alongside a flexible office space, which the current
owner utilizes but has rented out in the past—most recently to the local Shoe Repair Shop. The basement adds even more utility, serving as
a private recreation and storage area. Whether you're drawn to its vintage appeal, its income potential, or its...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeLow Rise (2-4 stories)
Storeys2
Total Finished Area4,800 sq ft
ZoningDowntown Commercial C1
HeatingBoiler • Natural Gas
Parking6 Car Garage
Year Built1945
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$6,262After mortgage & expenses
Cap Rate23.5%Based on market rents
Cash on Cash Return95.1%With 20% down payment
Est. Monthly Rent$8,400Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
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Investment Score53/100
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Active ListingsN/A
Listed by Misty Gaudet · Grassroots Realty Group - High Prairie