$799,000
FOR SALE

Multiplex

Total Area: 1,615.25 ft2

2302 16a Street Sw
Calgary, AB T2K 4K4

INVESTOR ALERT 8% CAP!!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,250 and the cap rate is just under 8%!!! The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today! (id:47421)
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Listed By CAMERON REALTY GROUP INC.
Data Provided By Calgary Real Estate Board
MLS® Listing Number A1229652
Last Updated Jun 25, 2022
Property Summary
Property Type Multiplex

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Community Bankview
Price History

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Detailed Information
Total Area 1,615.25 ft2
Listing Contract Date 2022-06-15
Municipal ID 0012892477
Ownership Type Freehold
Plan 167U
Property Type Multi-family
Transaction Type For sale
Zoning Description M-CG d72
Building
Appliances Refrigerator, Dishwasher, Hood Fan, Washer & Dryer, Water Heater - Gas
Basement Type Unknown
Constructed Date 1950
Construction Material Wood frame
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 3
Total Finished Area 1615.25 sqft
Type Multi-Family
Land
Total Size 304 square meters
Size of Irregular Land 304.00

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