Courtesy Of Jeneen Marchant Of RE/MAX Real Estate.
Looking for cash flow??? This 4-plex is a turn key investment that is fully rented and generates $5755/month of income between four suites and the garage. You can rent it as is, or do some sprucing up to increase the rental income and property value. The property is zoned as a legal and titled 4-plex with two 3 bedroom upper suites and two 2 bedroom lower suites that all have their own full bathrooms, entrances, furnaces, and laundry. It is located on a corner RF3 zoned lot across from a park that is conveniently located close to 75 street, Argyll, the Whitemud, or Whyte avenue. There is ample parking at this property as well with the double garage, 4 stalls, and corner street parking. Rent, hold, improve and refinance, or infill...the choice is yours! Current CAP rate is 4.99% but the ARV and stabilized CAP rate can see that increase to over 6.11%!
Laminate Flooring, Linoleum, Non-Ceramic Tile
Dishwasher-Built-In, Garage Opener, Refrigerators-Two, Dryer-Two, Stoves-Two, Washers-Two, Microwave Hood Fan-Two
Corner, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
Listing information last updated on May 19th, 2024 at 5:46am MDT.