Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment.
Address
2619 16 Street SW
List Price
$1,449,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Transaction Type
sale
Area
Calgary CC
Sub-Area
Bankview
Floor Area
3,903 Sq. Ft.
Lot Size
5360 Sq. Ft.
Year Built
1958
MLS® Number
A2249523
Listing Brokerage
TREC The Real Estate Company
Basement Area
Finished, Full
Postal Code
T2T 4G3
Zoning
M-C2
Site Influences
Shopping Nearby, Other