Exceptional multi-family investment opportunity featuring two adjacent 4-plex buildings in a prime location, just minutes from Olds College. Each building offers four 2-bedroom, 1-bathroom suites, for a total of eight rental units, all complete with in suite washer and dryer. Each suite is separately metered for utilities, providing efficient operating costs and ease of management. Numerous capital improvements have been completed, including a Carlisle Sure-Weld 60 mil membrane roofing system, metal-clad mansards (2019), upgraded fibreglass front entry doors, replacement of all furnaces and renovations to the majority of kitchens and bathrooms. Exterior sewer and water service lines between the buildings and municipal connections have also been replaced. Ideally situated close to Olds College and local amenities, this well maintained income producing property offers investors a turnkey opportunity with quality upgrades already in place and strong long term rental appeal. (id:55577)
Property Features
- MLS® Number A2331220
- Price $1,299,000
- Square Footage: 1868 sqft
- Property Type: Multi-Family
- Parking Space Total 12
- Plan 7510542
- Total Buildings 2
Buildings
| Constructed Date | 1975 | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Size Exterior | 1868 Sqft | Size Interior | 1868 Sqft |
| Total Finished Area | 1868 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Irregular | 14288.00 |
| Size Total | 14288 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 14288 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | Mixed Use Node (mun) |
Agents and Offices
- Dave Hogarth
- Office: Century 21 Bravo Realty