2302 16A Street SW, Calgary, Alberta
$1,078,000
- 1,881 Square Feet
Attention Investors! Recent SIX FIGURE RENOVATION: rebuilt decks, new railing, fencing, full exterior paint job, fresh landscaping, and a brand-new hot water tank. These improvements, combined with a roof replacement approximately 8 years ago, all copper wiring, and furnace-forced air heating, make this building a low-maintenance and reliable investment. The building comprises 5 units, with 4 fully compliant with city regulations, including: A top-floor 2-bedroom unit, A 1-bedroom unit and bachelor unit on the main floor, Two rear walk-out 1-bedroom units. Monthly Gross Income of $7,555.00. Located adjacent to Buckmaster Park and within walking distance of Calgary's vibrant Beltline entertainment and arts district. All tenants have been carefully vetted in the past year, with signed leases where utilities are paid by the tenants—ensuring a steady and hassle-free cash flow. This property offers flexibility—generate rental income now while exploring potential development opportunities. Fully rented and meticulously maintained 4-plex in the highly desirable Bankview area offers an exceptional opportunity to expand your real estate portfolio. Documentation Available: Compliant RPR, electrical inspections, proforma, floor plan, and 3D tour, is ready for review. (id:23309)
- Listing ID: A2164279
- Property Type: Multi-family
- Year Built: 1912
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 2302 16A Street SW in Calgary Ontario, was last modified on September 9th, 2024. Contact Alecssa Cerbo to schedule a viewing or to find other properties for sale in Calgary.