This is a rare find! You have a 4 plex that has 4 separate titles. Can use as a revenue property, could live in one and have the rest for revenue. Or you could sell them individually to make some profit;- lots of opportunity. The revenue is $46,000 per year, expenses of $17,096.20 per year. These expenses cover the property insurance & taxes, repairs & maintenance. cap rate is 5%. If you are looking for an investment combining the 4 lots into one would likely save in taxes. A well looked after & maintained building with a rear fenced yard and parking for each unit. The roof was redone 2 years ago. There is a party wall agreement on title with each unit. NOTE:- If looking for more investments, there is a 2003 side x side duplex with legal basement suites for $525,000 (MLS E4198826) & a 1993 12 suite apt. for $1.056 mil.
Contact Heather Malin About MLS® E4198805
Heather Malin, 780-621-8001 at RE/MAX Vision Realty, 5115 - 50th St (Box 6484), Drayton Valley, Alberta, T7A 1R9
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