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$ 235,000
Est. payment | /mo
1,982 SqFt
$ 235,000
Est. payment | /mo
1,982 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 1,982 sqft
Price per Sqft $118
Subdivision West End
MLS® Listing ID A2193648
Year Built 1948
Property Sub-Type 4 plex
Property Description
Unique Investment Opportunity – 5-Suite Property, The Palace offers an excellent investment opportunity with five 1-bedroom suites, each rented at $675/month. Ideal for those looking to expand their rental portfolio, this property serves as an affordable housing option for individuals in need of stable accommodations. Situated in a mature neighborhood and accessible location, and providing essential amenities for tenants. The suites are individually occupied, ensuring a steady cash flow. With a total rental income of $3,375 per month, this property presents a solid return on investment. (Annual Potential Rental Income: $40500 Annual Expenses: Utilities: $4185, Water/Garbage: $4224, Insurance: $2785, Tax: $3026)
Whether you're an investor looking for a consistent income property or someone who wants to contribute to providing accessible/affordable housing, this home is worth considering. Contact today for more details
Whether you're an investor looking for a consistent income property or someone who wants to contribute to providing accessible/affordable housing, this home is worth considering. Contact today for more details
Location
Province AB
County Brooks
Zoning RHD
Rooms
Basement Separate/Exterior Entry, Finished, Full, Suite
Interior
Heating Forced Air, Space Heater
Inclusions 5 Fridges, 5 Stoves, coin operated washer, dryer
Laundry Common Area
Exterior
Roof Type Asphalt Shingle
Lot Frontage 40.0
Total Parking Spaces 2
Building
Lot Description Corner Lot
Dwelling Type Four Plex
Others
Restrictions None Known
Tax ID 56477232
Listed by RE/MAX Main Street Realty
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