2302 16a Street Sw Calgary, Alberta t2k 4k4
$799,000
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:26237)
Property Details
| MLS® Number | A1229652 |
| Property Type | Multi-family |
| Community Name | Bankview |
| Plan | 167u |
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 |
| Size Interior | 1615.25 Sqft |
| Total Finished Area | 1615.25 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 304.00 |
| Size Total | 304 M2|0-4,050 Sqft |
| Size Total Text | 304 M2|0-4,050 Sqft |
| Zoning Description | M-cg D72 |
https://www.realtor.ca/real-estate/24555437/2302-16a-street-sw-calgary-bankview
Interested?
Contact us for more information
Shane Nixon
Associate
www.shanenixon.ca
326, 612 - 500 Country Hills Blvd Ne
Calgary, Alberta T3K 5K3
(587) 577-9327
www.cameron-realty.ca
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June 25 2022 05:16:18
Calgary Real Estate Board
Cameron Realty Group Inc.