This side x side duplex is in excellent condition. Upstairs are two units with legal basement suites that have their own exit. Each unit has 2 bedrooms, 1 bathroom, storage unit & their own laundry facilities. Upstairs is heated with furnace and down stairs has the underfloor heat. The suites are 984 sq.ft. with basements being 925 sq.ft. All have large master bedrooms that can accommodate a king bed. The rear parking stalls allows for one spot per tenant. Each unit has its own power and gas. Water & sewer is shared. Each unit has 5 appliances and window coverings. Great long term tenants. Gross Revenue for 2020 is $47,035, & expenses are $13,014 (this also includes taxes & insurance for building). Net operating income is $31,011 giving you a cap rate over 6%. If you are looking for other investment there is a 2001 4 plex with separate titles at $575,000 (MLS E4198805). All buildings have been well maintained. Shingles were done 2 years ago.
Contact Heather Malin About MLS® E4198826
Heather Malin, 780-621-8001 at RE/MAX Vision Realty, 5115 - 50th St (Box 6484), Drayton Valley, Alberta, T7A 1R9
Disclaimer: Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated July 29, 2021, 1:47 am.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the REALTORS® Association of Edmonton.
MLS®, Multiple Listing Service®, and the associated logos are all registered certification marks owned by CREA and are used to identify real estate services provided by brokers and salespersons who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.