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.
MLS® A1082290 is a N/A Commercial property located at 4524 75 Street NW in Calgary, Alberta. The property features .
MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on April 12th, 2021 at 7:00am CDT.