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$ 1,498,000
Est. payment | /mo
8,686 Sqft Lot
$ 1,498,000
Est. payment | /mo
8,686 Sqft Lot
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Huntington Hills
MLS® Listing ID A2130811
Originating Board Calgary
Year Built 1975
Annual Tax Amount $8,149
Tax Year 2023
Lot Size 8,686 Sqft
Acres 0.2
Property Description
INVESTOR ALERT! Welcome to a prime investment opportunity in Huntington Hills on a corner lot! This 6-plex offers a lucrative venture for an investor. Four 2 bdrm, one 1bdrm. and one 3 bdrm unit. Each unit features its own private entry, eliminating common hallway areas and ensuring tenant privacy. Currently, the rental rates are below market value, presenting a significant opportunity for rent increases. Projected future rents gross rent of $9600, with potential for even greater returns. The current rent is $ 9450. Tenants pay water, gas, and electric expenses, and all units are independently metered. The only monthly cost related to utilities is the garbage removal / recycling averaging just under $294 per month in 2023. Newer roof replaced in October 2021. All units have a balcony and a dedicated parking stall have a plug in. 6 washer and dryer, 6 fridges, stoves, 6 hood fans, 6 fridges are included. Good size bedrooms and a 4 pc.bath is located on the lower level. Low annual maintenance costs. Some long term tenant Convenient location for access to public transportation to downtown, walking distance to two elementary schools., parks, and shopping malls. Easy turn key investment property.
Location
Province AB
County Calgary
Area Cal Zone N
Zoning M-C1
Interior
Heating Forced Air, Natural Gas
Inclusions 6 Fridges, 6 washer and dryers, 6 stoves, and owner owned window coverings.
Exterior
Roof Type Asphalt Shingle
Lot Frontage 86.26
Total Parking Spaces 6
Building
Foundation Poured Concrete
Structure Type Brick,Metal Siding ,Wood Frame
Others
Restrictions Airspace Restriction,Underground Utility Right of Way
Tax ID 83078025
Ownership Private
Listed by Diamond Realty & Associates LTD.
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Danny Raposo
Team Lead