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$ 499,000
Est. payment | /mo
1,800 SqFt
$ 499,000
Est. payment | /mo
1,800 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $277
MLS® Listing ID A2244267
Year Built 1977
Property Sub-Type 4 plex
Property Description
FULLY RENTED 4-PLEX | NEW BOILER (2023) ~ Here's a solid investment opportunity in a quiet, easy-to-rent building—perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, covered entries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler with a 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls were excavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. There have been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 in gross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing your portfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind.
Location
Province AB
County Lacombe County
Zoning R1A
Interior
Heating Boiler
Inclusions 4 x stoves, 4 x refrigerators, all window coverings (not belonging to tenants)
Exterior
Total Parking Spaces 4
Building
Dwelling Type Four Plex
Foundation Wood
Others
Restrictions None Known
Tax ID 57510671
Listed by Greater Property Group