property-description
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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detailsSection.headers.propertyDetails
Property Tax
: detailsSection.notApplicableLast Updated
: Wed, May 15, 2024Mls Num
: E4385756Listing Date
: May 6, 2024
detailsSection.headers.homeFeatures
Property Type
: detailsSection.listingTypeId.100Sub Division
: King Edward Park
detailsSection.headers.interiorFeatures
Heating
: Forced Air-2Basement
: FullFlooring
: Laminate Flooring, Linoleum, Non-Ceramic Tile
detailsSection.headers.exteriorFeatures
Garage
: detailsSection.yesRoof
: Asphalt Shingles
detailsSection.headers.other
Parking Features
: Double Garage DetachedExterior Features
: Brick, Vinyl
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