REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 235,000
Est. payment | /mo
1,982 SqFt
$ 235,000
Est. payment | /mo
1,982 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,982 sqft
Price per Sqft $118
Subdivision West End
MLS® Listing ID A2193648
Originating Board REALTORS® Association of South Central Alberta
Year Built 1948
Property Sub-Type Freehold
Property Description
Unique Investment Opportunity – 5-Suite Property, The Palace offers an excellent investment opportunity with five 1-bedroom suites, each rented at $675/month. Ideal for those looking to expand their rental portfolio, this property serves as an affordable housing option for individuals in need of stable accommodations. Situated in a mature neighborhood and accessible location, and providing essential amenities for tenants. The suites are individually occupied, ensuring a steady cash flow. With a total rental income of $3,375 per month, this property presents a solid return on investment. (Annual Potential Rental Income: $40500 Annual Expenses: Utilities: $4185, Water/Garbage: $4224, Insurance: $2785, Tax: $3026)Whether you're an investor looking for a consistent income property or someone who wants to contribute to providing accessible/affordable housing, this home is worth considering. Contact today for more details (id:24570)
Location
Province AB
Interior
Heating Forced air, Space Heater
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 2
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX Main Street Realty
GET MORE INFORMATION
Gabriela Humeniuk
Real Broker