4908 54 Avenue, High Prairie, Alberta T0G 1E0

High Prairie

$599,900

 

Overview

  • parking-icon
    8 Parking Space
  • Year built icon
    1993 Year Built
  • sqft icon
    3559 sqft

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    Description

    Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER Engineered Hardwood + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!!MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024) APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.Add this CASH-FLOWING asset to your portfolio TODAY!! (id:58070)

    Property Features

    • MLS® Number A2287491
    • Price $599,900
    • Square Footage: 3559 sqft
    • Property Type: Multi-Family
    • Amenities Near By Park, Playground, Schools, Shopping
    • Features Back Lane, Pvc Window, Level
    • Parking Space Total 8
    • Plan 4267tr
    • Total Buildings 1

    Buildings

    Appliances Washer, Refrigerator, Stove, Dryer, Hood Fan Architectural Style Bi-level
    Basement Development Finished Basement Type Full (finished)
    Constructed Date 1993 Construction Material Wood Frame
    Cooling Type None Exterior Finish Vinyl Siding
    Fire Protection Smoke Detectors Flooring Type Hardwood, Tile
    Foundation Type Poured Concrete Heating Fuel Natural Gas
    Heating Type Forced Air Size Interior 3559 Sqft
    Total Finished Area 3558.76 Sqft Type Multi-family

    Parking

    Shared
    Other
    Street

    Land

    Acreage No Fence Type Not Fenced
    Land Amenities Park, Playground, Schools, Shopping Landscape Features Lawn
    Size Depth 37.2 M Size Frontage 15.2 M
    Size Irregular 566.00 Size Total 566 M2|4,051 - 7,250 Sqft
    Size Total Text 566 M2|4,051 - 7,250 Sqft Zoning Description R3

    Utilities

    Electricity Connected Natural Gas Connected
    Telephone Connected Sewer Connected
    Water Connected
    Address

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