Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment. (id:37074)
MLS® Number | A2249523 |
Property Type | Multi-family |
Neigbourhood | Bankview |
Community Name | Bankview |
Amenities Near By | Shopping |
Community Features | Pets Allowed |
Features | Other |
Parking Space Total | 4 |
Plan | 3551s |
Structure | None |
Concrete | |
Parking Pad |
Appliances | Washer, Refrigerator, Range - Electric, Dryer |
Basement Development | Finished |
Basement Type | Full (finished) |
Constructed Date | 1958 |
Construction Material | Wood Frame |
Cooling Type | None |
Exterior Finish | Brick |
Flooring Type | Laminate, Tile |
Foundation Type | See Remarks |
Stories Total | 2 |
Size Interior | 3,903 Ft2 |
Total Finished Area | 3902.55 Sqft |
Type | Multi-family |
Utility Power | Generator |
Utility Water | See Remarks |
Acreage | No |
Land Amenities | Shopping |
Sewer | Municipal Sewage System |
Size Depth | 15.3 M |
Size Frontage | 12.19 M |
Size Irregular | 498.00 |
Size Total | 498 M2|4,051 - 7,250 Sqft |
Size Total Text | 498 M2|4,051 - 7,250 Sqft |
Zoning Description | M-c2 |