4524 75 Street NW, Calgary, T3B 2M9

$1,295,000

More Info

7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units....

0 Beds
0 Baths
0 Acres
7 Parking Spaces

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7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,345/month or $88,140/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783. NET INCOME $69,977 CAP RATE 5.4% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Quick closing for an ASTUTE INVESTOR. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom.

Essential Information
MLS® #A1082290
Price$1,295,000
Bathrooms0.00
Acres0.00
Year Built1972
TypeCommercial
Sub-TypeMulti Family
StatusActive
Community Information
SubdivisionBowness
CountyCalgary
ProvinceAlberta
Postal CodeT3B 2M9
Amenities
Parking Spaces7
Interior
HeatingForced Air, Natural Gas
Exterior
Lot DescriptionBack Lane, Near Public Transit
RoofSee Remarks
ConstructionStucco
FoundationOther
Additional Information
Date ListedMarch 17th, 2021
ZoningM-C1
Listing Details
OfficeRE/MAX REAL ESTATE (CENTRAL)
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Chamberlain Real Estate Group

Address: 2803 Centre Street NW Calgary AB

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MLS® A1082290 is a N/A Commercial property located at 4524 75 Street NW in Calgary, Alberta. The property features .

Property Summary

4524 75 Street NW , a Commercial property, in Calgary. Built in 1972, MLS® A1082290 is currently listed for $1,295,000. To schedule a property tour, contact us at Chambelain Real Estate Group

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Listing information last updated on April 12th, 2021 at 7:00am CDT.