Dan Salloum
403-807-0366
RE/MAX HOUSE OF REAL ESTATE
Fax: 403-398-1423
MLS®: A2326037 - Killarney/Glengarry Attached-Side by Side,Bungalow $1,200,000
H-GO ZONING | 4 LEGAL SUITES ON 1 TITLE (2 UP, 2 DOWN) | 125 X 50 FT WEST BACKYARD LOT | APPROX. 5.30% CAP RATE | FULLY OCCUPIED AND PROFESSIONALLY MANAGED | Excellent revenue generating 4 plex in the highly sought after inner city community of Killarney. This property offers outstanding return on investment potential with an approximate 5.30% cap rate and is fully occupied with professional management already in place, making it a true turnkey investment opportunity. The lower suites have been fully renovated and were recently leased for $1,325 and $1,550 per month, while the upper suites are currently rented for $2,075 per month each. Each unit features its own updated electrical panel, separate laundry, and a fireplace (chimneys capped), along with numerous additional updates throughout. Outside you’ll find a double garage along with additional rear parking stalls on the large west facing 125 x 50 ft lot. Over the past few months the sellers have completed approximately $35,000 in roofing improvements with warranty (2-ply SBS torch-on), invested approximately $12,000 in new flooring throughout the property, trimmed all of the exterior vegetation to improve the landscaping, and repainted the fence, further enhancing the property’s curb appeal. An exceptional opportunity to add a strong cash flowing asset to your investment portfolio. Link to Investor Package and photos of the new roof in listing. MLS®: A2326037 - Killarney/Glengarry Attached-Side by Side,Bungalow $1,200,000
Includes: All appliances in all 4 suites are included with the sale. Site Influences: Back Lane, Back Yard, Front Yard, Landscaped Property InformationProperty Type: Full Duplex Home Style: Attached-Side by Side,Bungalow Year Built: 1969 Total Floor Area: 1,954 sq. ft. Brokerage: RE/MAX House of Real Estate Listed Date: Please login or create an account Community InformationCity/Town: Calgary Community: Killarney/Glengarry ExteriorLot Size: 0.14 sq.ft. Lot Shape: Back Lane,Back Yard,Front Yard,Landscaped Exterior: Wood Frame Construction: Wood Frame Frontage: 15.28M 50`2" Front Exposure: E Roof: Flat Torch Membrane Parking: Double Garage Detached, Parking Pad Total Parking: 4 InteriorHeating: Forced Air, Natural Gas Basement: Full Floor Finish: Carpet, Laminate, Vinyl Fireplace Details: For Sale RoomsTotal Bedrooms: 6 (Bedrooms Above: 4) Bathrooms: Full: 4 / Half: 0 Above Grade: 10 Legal, Financial & PossessionZoning: H-GO Legal Description: Lot/Unit: Lot/Unit:,Plan: 5661O,Block: Tax: 6616.00 Possession: Negotiable Occupancy: Tenant Restrictions: None Known Listing Courtesy of RE/MAX House of Real Estate The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. MLS®: A2326037 - Killarney/Glengarry Attached-Side by Side,Bungalow $1,200,000
Listing Courtesy of RE/MAX House of Real Estate The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. |