For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,320,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,908 sqft
Price per Sqft $691
Subdivision Capitol Hill
MLS® Listing ID A2134714
Sold Date 05/30/24
Originating Board Calgary
Year Built 1977
Annual Tax Amount $5,687
Tax Year 2023
Lot Size 5,995 Sqft
Acres 0.14
Property Description
Exciting opportunity to invest in this turn-key 4plex situated on a 50x120 lot with M-C1 zoning in the community of Capitol Hill! Excellent inner-city location just one block to Confederation Park and a short stroll to SAIT, the LRT, Safeway and the North Hill Mall. This 4plex has 4 - two-bedroom units (2 upper units with spacious front balconies and 2 lower units). Each unit has a separate entrance and features a spacious layout, in the suite laundry, furnace, hot water tank and one energized parking stall. Upgrades over the years include replacement of the hot water tanks for each unit, replacement of the shingles, sewer line replacement and Unit #2 had it's kitchen renovated along with new flooring and fresh paint in July 2022. Furnaces are serviced annually. The property currently generates a monthly income of $6375 with the potential for that to increase when the current leases expire (the leases for Units 2,3 and 4 expire on July 31, 2024 and the lease for Unit 1 expires on August 31, 2024). All tenants have indicated that they are open to staying. The natural gas and water are each on one meter and are paid by the owner. Electricity is metered separately for all 4 units with tenants being billed directly for their own electricity use. Opportunities like this don't come along often so schedule your viewing today!
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C1
Interior
Interior Features See Remarks
Heating Forced Air, Natural Gas
Flooring Carpet, Ceramic Tile, Laminate
Appliance See Remarks
Laundry In Unit
Exterior
Parking Features Plug-In, Stall
Garage Description Plug-In, Stall
Roof Type Asphalt Shingle
Lot Frontage 49.97
Total Parking Spaces 4
Building
Foundation Poured Concrete
Structure Type Brick,Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 83249526
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP