$1,290,000
$1,335,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
3,749 SqFt
SOLD DATE : 03/16/2024
Key Details
Sold Price $1,290,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,749 sqft
Price per Sqft $344
Subdivision Inglewood
MLS® Listing ID A2111729
Sold Date 03/16/24
Style Bi-Level,Bungalow,Side by Side
Originating Board Calgary
Year Built 1976
Annual Tax Amount $5,848
Tax Year 2023
Lot Size 6,490 Sqft
Acres 0.15
Property Description
Fantastic investment opportunity for a multi-family property! This legal four-plex of nearly 3,800 square feet, boasts four very well-maintained two-bedroom suites, each equipped with its full set of appliances including a fridge, stove, washer, dryer, and dishwasher in each unit. Situated on prime redevelopment land, on a double deep lot, in the up-and-coming Inglewood neighborhood. This property offers an annual rental gross revenue of $92,000, net revenue translates to a 5% cap rate. Both upper suites were recently renovated with new appliances, flooring, fixtures, and paint. A highly sought-after community for renters, with the property being completely rented out for more than 12 years straight. Beautiful parkland surroundings, steps away from the Bow River. Its strategic location, and proximity to transit, downtown, Deerfoot Trail, and Blackfoot Trail, ensures consistent tenant demand. Each suite has large windows in the raised basements, enhancing their appeal to potential tenants. The property also includes a double detached garage, two spots included as part of the current revenue. NO SIGN ON PROPERTY. PLEASE DO NOT DISTURB THE TENANTS. Tenants rights apply so please allow enough notice for showing. Only one unit is available for showings prior to an accepted offer.
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning R-C2
Exterior
Garage Alley Access, Garage Faces Rear, Unpaved
Garage Description Alley Access, Garage Faces Rear, Unpaved
Lot Frontage 49.97
Total Parking Spaces 4
Building
Story 2
Architectural Style Bi-Level, Bungalow, Side by Side
Level or Stories One
Others
Restrictions None Known
Tax ID 82663404
Ownership Private
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