For Sale · Land

695009 Range Road 120 Road, Elmworth

695009 Range Road 120 Road, Elmworth, AB T0H0J0

$330,000 total

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Asset Class

Land

Size

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Building class

C

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

96%

Lot Size

159.13 ac

About this property

Tax Forfeiture Sale - 159.13 Acres hobby farm near Elmworth. (695009 Range Road 120). The land here has mostly treed areas and some pasture with some cutlines for utilities (gas, power). Property is sold AS IS; WHERE IS - there is no disclosures at all on services on the property or condition of any structures. Property is being sold as land value mostly. There is a lot of garbage, abandoned vehicles, farm equipment, RV;s, etc. - that will be named as personal property and not included in the real property sale but will remain on the property. Disposal of all items on the property will be the responsibility of the purchaser once an Offer is approved and possession granted. Purchaser must complete a Schedule A when submitting an Offer. There are multiple hazards on this property and anyone entering the property or walking on the property will be doing so at their own risk. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$330K
Down payment30% · $99K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-4K

Cash-on-cash

-4.54%

DSCR

0.75

Going-in cap

4.18%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

116,655

Households

40,726

Median income

$95,000

Median age

31.3

Daytime population

173,166

5-yr growth

4.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 695009 Range Road 120 Road, Elmworth.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.