4524 75 Street NW , Calgary

Bed / $1,295,000 / MLS® Listing #:A1082290

$4854/mo*

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7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. ONLY FULL PRICE OFFER ACCEPTED. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,345/month or $88,140/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783. NET INCOME $69,977 CAP RATE 5.4% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Quick closing for an ASTUTE INVESTOR. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom.

Property Details

Property Type Multi Family
Square Feet 0.00
Days On Our Website 90
Air Conditioning None
Heating Forced Air,Natural GasForced Air,Natural Gas
Exterior Stucco
Roof Type See Remarks
Foundation Other

Listing Office: RE/MAX REAL ESTATE (CENTRAL)

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