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Descriptions:
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%!
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| Includes: |
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Dishwasher-Built-In, Garage Opener, Dryer-Two, Refrigerators-Two, Stoves-Two, Washers-Two, Microwave Hood Fan-Two |
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| Site Influences: |
| Corner Lot, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby |
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| Legal Description: |
| ACCESS Legal Description |
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| Location & Listing Info: |
| Neighbourhood: |
King Edward Park
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| Lot Shape: |
Rectangular |
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| Property Info: |
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| Property Type: |
4PLEX |
| Home Style: |
Bi-Level |
| Year Built: |
1969 |
| Total Floor Area: |
2,431 sq. ft. |
| Front Exposure: |
West
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| Exterior: |
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| Exterior: |
Brick, Vinyl |
| Front Exposure: |
West |
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| Rooms: |
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| Total Bedrooms: |
10
(Bedrooms Above: 6)
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| Bathrooms: |
Full: 4
/ Half: 0
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| Rooms Above: |
9 |
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| Additional Info: |
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| Heating: |
Y |
| Basement: |
Fully Finished |
| Basement Type: |
Full |
| Floor Finish: |
Laminate Flooring, Linoleum, Non-Ceramic Tile |
| Parking: |
Double Garage Detached |
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Contact Korey McIntosh -
5901 50 St #8, Leduc, Alberta, T9E 6J8
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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated May 19, 2024, 3:24 pm. |
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The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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