Property Details
4908 54 Avenue
High Prairie (A2287491)
Description
Investor ALERT in High Prairie!!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!!
This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.
The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!
This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS Include New SIDING on the FRONT + a FRESHLY Painted Deck.
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) +
APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).
STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.
Add this CASH-FLOWING asset to your portfolio TODAY!!!
Property details
- MLS® #
- A2287491
- Property Type:
- Multi-Family
- Subtype:
- 4 plex
- Subdivision:
- NONE
- Price
- $599,900
- Sale/Lease:
- For Sale
- Size:
- 1,779 sq.ft.
- Year Built:
- 1993 (33 years old)
- Structure Type:
- Four Plex
- Building Style:
- Attached-Up/Down, Bi-Level
- Garage:
- No
- Parking:
- Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved
- Basement:
- Full
- Features:
- Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows
- Inclusions:
- 4 Electric Stoves, 4 Refrigerators, 4 Hood Fans, 1 Ceiling Fan, 2 Washers, 2 Dryers
- Appliances:
- Dryer, Electric Stove, Range Hood, Refrigerator, Washer
- Furnished:
- Unfurnished
- Laundry:
- Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup
- Exterior Features:
- Rain Gutters
- Patio/Porch Features:
- Rear Porch
- Nearby Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Lot Size:
- 0 acres
- Lot Features:
- Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot
- Legal Land Desc:
- 26-74-17-W5
- Utilities:
- Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
- Zoning:
- R3
- Roof:
- Asphalt Shingle
- Exterior:
- Vinyl Siding,Wood Frame
- Floors:
- Laminate, Tile, Vinyl Plank
- Foundation:
- Poured Concrete
- Heating:
- Forced Air, Natural Gas
- Cooling:
- None
- Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights
- Possession:
- 30 Days / Neg
- Days on Market:
- 133
Basic Info
Building Info
Neighborhood Info
Lot / Land Info
Materials & Systems
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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