411 4 Avenue, Elnora, AB - MLS # CA0101474

411 4, Elnora, AB T0M 0Y0

Quick Summary

Price
$349,900
Type:
Multi-Family
Sub Type:
Fourplex
Title:
411 4 Avenue
Possession:
Subject To Tenancy
Tax Amount:
2191 / 2015

Lot Summary

Lot Width:
70
Lot Depth:
140
Lot Shape:
Standard

Rental Summary

Number of Units:
4
Two Bed Units:
1
Three Bed Units:
2
Four Bed Units:
1
Annual Operating Expense:
5880
Gross Scheduled Income:
40680

Building Summary

Year Build:
1950
Construction Material:
Frame - Wood,Stucco
Foundation Details:
Concrete,Fully Finished,Separate Entry,Suite
Roofing:
Asphalt
Flooring:
Carpet,Laminate,Linoleum
Heating:
Furnace - Forced Air - 1
Heating Fuel:
Natural Gas
Flooring:
Carpet,Laminate,Linoleum

Building Features

Inclusions:
Refrigerator (x 4), Stove (x 4), coin operated washer & dryer (to be installed)

Parking Features

Parking Total:
6
Features:
Front Parking,Rear Parking

Property Description

County / Parish: Red Deer County, Alberta
Zoning: R4A

Investor Alert – Turn Key investment opportunity in Elnora! 3 of the 4 units currently Leased! This building is in great shape, new roof (2015), new doors, and new windows (all except the two windows on the South end of building)! Both basement suites have been beautifully renovated, with new flooring, unique custom tiling between stove-top and hood fan, and stain glass windows in the bathrooms. The 2 main floor units were renovated a few years ago, and are still in great shape. There is a large storage room right outside unit #2 with #2 tenants rent and use as a fourth bedroom. Also, each unit has two entrances for safety and convenience, and there’s a large utility room equipped with laundry appliances downstairs. Investors note: there is a second lot to the property at no additional price – this multi unit property is zoned R4A so it would be possible to place another structure on the empty lot side to increase revenue. This is a rare opportunity at a very affordable price!

Map

Walk Score

Financial Summary

Gross Scheduled Income:
40680
Total Annual Operating Expense:
5880

Agent on Duty


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