4524 75 St Nw, Bowness, Calgary, Alberta T3B 2M9 (20788552)


LOADING

4524 75 St Nw Calgary, Alberta t3b 2m9

$1,295,000

CONDO TITLED 7 UNIT COMPLEX......$185,000 A DOOR .....PRICE REDUCED BY $280,000.....$100,000 LESS THAN ASSESSMENT. All units are 2 bedroom, 2 level, with their own furnace, hot water tank washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All self contained. Low expenses as no common areas. Always full with affordable rent ; current rent roll is $6,400/month, market rent is approx $7,350/mo. PERFECT FOR AN INVESTOR. This is a great rental neighbourhood with major NEW INFRASTRUCTURE and major developments such as Greenwich and Sunnyside. I hear REAL CANADIAN SUPERSTORE. Major upgrades to Bowness Park, Beaumont and Shouldice. Only 1/2 block to newly planned Bowness High School with its elite athlete program. Close to FOOTHILLS HOSPITAL AND the ALBERTA CHILDRENS' HOSPITAL. This is a large lot. Very low expenses: insurance $1,340, waste $1,260, taxes $9,324. income $76,800. Cap rate 4.7% with 3% vacancy and 3% maintenance, 5.1% with $995 rents. Improvements pay big dividends. (id:31773)

Property Details

MLS® Number C4253298
Property Type Multi-family
Neigbourhood Bowness
Features Flat
Plan 1313030

Building

Constructed Date 1972
Fireplace Present No

Land

Acreage No
Size Irregular 1045.00 Sqm
Size Total Text 1045.00 Sqm

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=20788552

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