* Amounts are estimates only. Final payment amounts may vary.
Description
Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment.
Property details
Basic Info
MLS® #
A2249523
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Bankview
Price
$1,449,000
Sale/Lease:
For Sale
Size:
3,903 sq.ft.
Year Built:
1958 (67 years old)
Building Info
Structure Type:
Four Plex
Building Style:
2 Storey, Attached-Up/Down
Garage:
No
Parking:
Concrete Driveway, Parking Pad
Fence:
Basement:
Finished, Full
Features:
Separate Entrance
Inclusions:
built-in electric range, dishwasher, washer, dryer, refrigerator
Appliances:
Built-In Electric Range, Dryer, Refrigerator, Washer