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Sam Pond

sam.pond@exprealty.com +1(403) 889-0913

$595,000

Est. payment - /mo

2,400 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2400.0

Square Footage 2,400 sqft

Price per Sqft $247

MLS Listing ID A2325910

Year Built 1980

Property Sub-Type 4 plex

Property Description

Welcome to your new investment opportunity. This fully occupied 4-plex with fixed term leases in place will properly reward you. The building contains 4 - 3 BR,1 1/2 BA suites. Each offers a full kitchen,dining area,living room,1/2 bath and a storage room on the main floor,along with 3 BR,a full bathroom,mechanical room and laundry area downstairs. 3 suites are unfurnished and one has just been furnished with all new furniture! There are patio doors leading from the main floor living space onto the outdoor balconies. The suites are designed in a bi-level format,with the living space upstairs on the main floor and the bedrooms downstairs on the lower level. Two units face the street and the other two face the back yard. 5 paved parking stalls are located to the front of the building,coming directly off the street. The building was built in 1980 and is constructed of wood framing and a PWF foundation. It is a wood-sided building with asphalt shingles on the roof. Each of the units has a gas furnace and hot water heater. RENOVATIONS: All 4 suites have had many updates. These renos include new paint,new vinyl plank flooring,bathroom updates,2 new high-efficiency furnaces,3 new hot water heaters and all 4 new balconies. Additionally,various appliance upgrades were installed within the last two years including washers,dryers,stove,all new electrical panel upgrades in all four suites,exterior doors,interior doors and so one for more than 30.000 dollars in upgrades. 3 suites are rented unfurnished and the tenants pay their own heat,hot water and electricity and the on unti is rented furnished,with the owner paying utilities. The owner pays the monthly water and sewer costs. Current gross return on investment: 13.31%. Net return on investment: 9.28% (based on 79200.- annual income - 23940.- projected expenses)

Location

Province AB

County 0481

Zoning R3

Direction S

Rooms

Basement Full, Finished

Interior

Heating Forced Air, Natural Gas

Flooring Laminate

Inclusions None

Fireplace No

Appliance Refrigerator, Stove(s), Washer/Dryer, Window Coverings

Exterior

Exterior Feature Garden

Parking Features Parking Pad, Plug-In, Stall

Roof Type Asphalt Shingle

Porch Balcony(s)

Total Parking Spaces 5

Garage No

Building

Dwelling Type Four Plex

Foundation Preserved Wood

Others

Restrictions None Known

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Listed by eXp Realty

Nearby Locations

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+1(403) 889-0913

sam.pond@exprealty.com

Calgary, AB, CAN

709 Hammond DR S Fox Creek, AB T0H1P0

Sam Pond

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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709 Hammond DR S