221 4th Avenue E
$269,000, 7 Beds 4 Baths 1,920 Sqft
About This Property
Imagine a multi-family building with monthly revenue of $3,350! This investment property is suited for the new investor who wants to dip their toe into multi-residential investing and the seasoned vet that just takes advantage of great deals. Comprised of three 2-bedroom suites that rent for $900 each and a 1-bedroom that rents for $650, this property comes with 4 fridges and stoves, coin-operated washer and dryer accessible to all tenants, three renovated washrooms, two hot water tanks, and a natural gas boiler. It has been well kept up and has a low maintenance yard that includes several well-graveled parking spaces with electrical outlets. This property doesn't need TLC, it needs you to sit back and collect rent. Other than this building having great bones, it's located minutes away from the oil drilling area, so finding a tenant is easy. It's not uncommon for this property to have a wait list of tenants. This is a secure and exciting money-maker. Talking about a complete package income producer that is affordable, turn-key and won’t last long. Don’t miss it! This property has a 10.6% cap rate with an NOI of $28,493.
Fridge, Stove, Washer, Dryer, Window Treatment
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