INVESTOR ALERT! M-CG inner city lot in Bankview!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,000 and the cap rate is over 6.5%. The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today!
| Address |
2302 16A Street |
| Property Type |
Multi-Family |
| Type of Dwelling |
4 plex |
| Area |
Calgary CC |
| Sub-Area |
Bankview |
| Floor Area |
1,615 Sq M. |
| Lot Size |
3250 Sq M. |
| Year Built |
1950 |
| MLS® Number |
A1193227 |
| Listing Brokerage |
CAMERON REALTY GROUP INC.
|
| Postal Code |
t2k 4k4 |
| Zoning |
M-CG |
