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$ 640,000
Est. payment | /mo
1,920 SqFt
$ 640,000
Est. payment | /mo
1,920 SqFt
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $333
Subdivision Avondale
MLS® Listing ID A2164562
Year Built 1974
Property Description
Step into a prime investment opportunity with this versatile fourplex, ideal for both new and seasoned real estate investors looking to expand their portfolios. This property offers immediate rental income and positions you in a thriving market in Grande Prairie, Alberta. Each unit in this bright and inviting fourplex is ready to deliver returns! The lower unit at 10302-106 Ave features 2 bedrooms and is leased at $1,145 per month. The upper unit at 10304-106 Ave, also with 2 bedrooms, commands $1,345 per month. On the other side, the lower unit at 10602-103 St provides 1 bedroom at $1,145 per month, while the upper unit at 10604-103 St, with 2 bedrooms, is available for $1,245 per month. With a total monthly rental income of $4,880, this property offers a strong annual rental income of approximately $58,560. This translates to a potential gross rental yield of around 9.2%, making it an attractive investment. The separate services for each unit and ample parking contribute to hassle free management, ensuring steady income. Strategically located just a 5 minute drive from Northwestern Polytechnic and the local hospital, this fourplex provides tenants with easy access to essential amenities. Additionally, it faces Muskoseepi Park, offering beautiful views and access to serene walking trails, enhancing its appeal to renters. This is more than just a property—it’s a smart investment with immediate cash flow and promising growth potential. Don’t miss out on this opportunity to enhance your investment portfolio. Call your REALTOR® today to schedule a showing and discover how this fourplex can become a key asset in your real estate strategy!
Please note: The pictures shown are from 2020, taken before the current tenants moved in.
Please note: The pictures shown are from 2020, taken before the current tenants moved in.
Location
Province AB
County Grande Prairie
Zoning RT
Interior
Heating Boiler, Forced Air
Cooling None
Inclusions 4 fridges, 4 ranges, 4 washers, 4 dryers, 2 dishwashers
Exterior
Parking Features Parking Pad
Utilities Available Electricity Connected, Natural Gas Connected, Garbage Collection, Sewer Connected, Water Connected
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Dwelling Type Four Plex
Foundation Poured Concrete
Sewer Public Sewer
Water Private
Structure Type Vinyl Siding
Others
Restrictions None Known
Tax ID 91952216
Listed by RE/MAX Grande Prairie