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.
Address
2431 & 2429 26 Street SW
List Price
$1,200,000
Property Type
Residential
Type of Dwelling
Full Duplex
Transaction Type
Sale
Area
Calgary CC
Sub-Area
Killarney/Glengarry
Bedrooms
6
Bathrooms
4
Floor Area
1,954 Sq. Ft.
Lot Size
6243 Sq. Ft.
Year Built
1969
MLS® Number
A2326037
Listing Brokerage
RE/MAX House of Real Estate
Basement Area
Full
Postal Code
T3E 2A6
Zoning
H-GO
Site Influences
Back Lane, Back Yard, Front Yard, Landscaped, Schools Nearby, Shopping Nearby, Park, Walking/Bike Paths, Playground, Pool, Sidewalks, Street Lights, Tennis Court(s)