Description
Sound investment property (CAP rate 7%-8%)! Nicely located just off Kingsway Ave SE with quick access to any part of the city so easy to rent. Solid 4-plex built in 1915 but totally remodeled (with permits). Each unit has it's own furnace, hot water tank, stove and fridge. There are 3 one bedroom units with one on the 2nd floor and 2 on main floor. The 2 main floor one bedroom units have unfinished usable basements and hook-ups for laundry. The 2 bedroom unit occupies half of the 2nd and all of the 3rd floor and besides fridge, stove and laundry hook-up also has a built-in dishwasher. The owner pays for the natural gas, water and garbage pick-up while the tenants pay for their electricity and sewer. From the back lane there are 4 parking spots in the backyard and the front street has plenty of extra parking.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,058SQFT
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$123$/SQFT
Description
Sound investment property (CAP rate 7%-8%)! Nicely located just off Kingsway Ave SE with quick access to any part of the city so easy to rent. Solid 4-plex built in 1915 but totally remodeled (with permits). Each unit has it's own furnace, hot water tank, stove and fridge. There are 3 one bedroom units with one on the 2nd floor and 2 on main floor. The 2 main floor one bedroom units have unfinished usable basements and hook-ups for laundry. The 2 bedroom unit occupies half of the 2nd and all of the 3rd floor and besides fridge, stove and laundry hook-up also has a built-in dishwasher. The owner pays for the natural gas, water and garbage pick-up while the tenants pay for their electricity and sewer. From the back lane there are 4 parking spots in the backyard and the front street has plenty of extra parking.