Excellent Investment Opportunity — 4-Plex with Cash Flow! PURCHASE WITH ONLY 10% DOWN!Rare opportunity to offset your mortgage or potentially live rent-free by occupying one unit and renting the other three. This well-maintained 4-plex offers solid revenue with long-term tenants already in place and very low vacancy.The property features four fully self-contained units, each with separate meters and utilities paid by tenants. Two front units offer approximately 800 sq. ft. with 3 bedrooms and 1.5 bathrooms, while the two rear units are approximately 700 sq. ft. with 2 bedrooms and 1 full bathroom. All units include their own in-suite laundry for added tenant convenience.The front 3-bedroom units currently rent for $975/month each, while the rear 2-bedroom units rent for $850/month each, generating $3650 a month in total rental income. The up/down layout places bedrooms on the lower levels, creating functional and appealing living spaces that are attractive to renters.The building has been well maintained and all units are in excellent condition. Located close to schools and playgrounds, this property is ideal for investors or owner-occupants looking to build equity while generating income. THIS PROPERTY IS FOR SALE ONLY.. THE SELLER WILL NOT VENDOR FINANCE! (id:63559)
| MLS® Number | A2288322 |
| Property Type | Multi-family |
| Communication Type | High Speed Internet, Fiber |
| Features | No Smoking Home, Level |
| Parking Space Total | 4 |
| Plan | 792-1415 |
| Structure | Shed, Deck |
| Appliances | Refrigerator, Stove, Washer & Dryer |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1980 |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Laminate, Linoleum |
| Foundation Type | Wood |
| Heating Fuel | Natural Gas |
| Size Interior | 2,285 Ft2 |
| Total Finished Area | 2285 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Other | |
| Parking Pad |
| Acreage | No |
| Landscape Features | Landscaped, Lawn |
| Sewer | Municipal Sewage System |
| Size Irregular | 8848.00 |
| Size Total | 8848 Sqft|7,251 - 10,889 Sqft |
| Size Total Text | 8848 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | R1 |
| Electricity | Connected |
| Natural Gas | Connected |
| Sewer | Connected |
| Water | Connected |
https://www.realtor.ca/real-estate/29533419/10300-105-avenue-fairview
Contact us for more information
Jason Meashaw
Associate
(780) 532-7701
(780) 539-4336
www.sutton.com/ca/ab/grande-prairie/office/sutton-group-grande-prairie-professionals-292
Brooklyn Meashaw
Associate
(780) 532-7701
(780) 539-4336
www.sutton.com/ca/ab/grande-prairie/office/sutton-group-grande-prairie-professionals-292
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