Property Details
655 4 Avenue NE
Calgary (A2333975)
Description
Classic Brick-and-Mortar Investment is what this 7-Suite Concrete Apartment Building is all about, with current revenue of $133,500 per year. Positioned in the heart of high-demand Bridgeland, this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony, a secure storage unit and a warm, welcoming layout that attracts and retains long-term tenants.
Property Highlights:
Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick, direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways, common areas, and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage, if required.
Personally maintained with pride of ownership, this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid, turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.
Property details
- MLS® #
- A2333975
- Property Type:
- Commercial
- Subtype:
- Multi Family
- Subdivision:
- Bridgeland/Riverside
- Price
- $1,850,000
- Sale/Lease:
- For Sale
- Size:
- 5,200 sq.ft.
- Year Built:
- 1973 (53 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- 7 FRIDGES 7 STOVES - MAINTENANCE & CARETAKER ITEMS.
- Lot Size:
- 0 acres
- Zoning:
- M-CG d111
- Roof:
- Tar/Gravel
- Possession:
- 30 Days / Neg
- Days on Market:
- 53
Basic Info
Building 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
Social
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.