Sound investment property (CAP rate 7%-8%)! Nicely located just off Kingsway Ave SE situated but minutes from everything and easy to rent. Solid 4-plex built in 1915 that has been totally remodeled, with permits, to today's codes including: electrical, plumbing, windows, bathrooms, kitchens, flooring, roof and stucco. All the units (3 one bedroom & 1 two bedroom) are rented to conscientious tenants. Units 2, 3 and 4 each have their own fridge, stove, washer and dryer while unit number 1 has fridge and stove. Each unit has it's own NG furnace and hot water tank. The 2 bedroom unit also has a built-in dishwasher. The 2 ground level units have usable basements although not of conforming height or finished. Natural gas, water and garbage pick-up are paid for by the owners while the tenants pay for their electricity and sewer. From the alley there are 4 parking spots, 1 for each unit, while the street also provides ample parking.
Property Listed by Dean Littlechilds of Pro Real Estate
4 fridges, 4 stoves, 3 washers, 3 dryers, 1 built-in dishwasher, all window coverings, 3 window A/C units - working but older so as is, 2 sheds.
Contact me for a free market evaluation on your home's value.
Royal LePage Office
1202 Southview Drive Southeast
Medicine Hat, AB
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Residential and Commercial Realtor®