Courtesy of Kelly Grant of MaxWell Polaris
PRIME INVESTMENT OPPORTUNITY: GOOD CONDITION LEGAL FOUR-PLEX FOR SALE IN ALLENDALE - clean, tidy, and well-maintained!! All four units feature an open floor plan with 3 BDRM; full bath; separate private entrances; plus kitchen, dining area, living room, laundry, storage, & utilities. Two titled lots = 49' x 155' total. Upgrades to various units over the years: some appliances; two furnaces; LED lighting & ceiling fans; shingles; R-50 ceiling insulation; storm doors; plumbing fixtures, drywall, painting, carpet, and vinyl plank flooring; fencing improvements; & newer concrete walks (front to back); and City sidewalks, road paving. Other features: aluminum soffits; capping; egress windows, fire extinguishers, smoke & CO detectors; double detached garage (with centre divider); plus City permits for basement level. Close to Southgate; LRT; Whyte Ave.; 104 St. Business District; & U of A. When at 100% occupancy, this investment operates at an attractive 6.5% cap rate. Great time to buy with low interest rates!