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$499,000
Est. payment /mo
1,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $277
MLS® Listing ID A2245985
Year Built 1977
Property Sub-Type Freehold
Source Central Alberta REALTORS® Association
Property Description
FULLY RENTED 4-PLEX | NEW BOILER (2023) ~ Here's a solid investment opportunity in a quiet, easy-to-rent building—perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, coveredentries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler witha 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls wereexcavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. Therehave been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 ingross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing yourportfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
Ownership Freehold
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Listed by CIR Realty
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