REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,850,000
Est. payment /mo
New
655 4 AVE NE Calgary, AB T2E 0J9
5,200 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,200 sqft
Price per Sqft $355
Subdivision Bridgeland/Riverside
MLS Listing ID A2333975
Year Built 1973
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Property Description
Classic Brick-and-Mortar Investment is what this 7-Suite Concrete Apartment Building is all about,with current revenue of $133,500 per year. Positioned in the heart of high-demand Bridgeland,this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony,a secure storage unit and a warm,welcoming layout that attracts and retains long-term tenants.
Property Highlights:
Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick,direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways,common areas,and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage,if required.
Personally maintained with pride of ownership,this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid,turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.
Property Highlights:
Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick,direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways,common areas,and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage,if required.
Personally maintained with pride of ownership,this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid,turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.
Location
Province AB
County 0046
Area Cal Zone Cc
Zoning M-CG d111
Direction NE
Interior
Inclusions 7 FRIDGES 7 STOVES - MAINTENANCE & CARETAKER ITEMS.
Fireplace No
Exterior
Roof Type Tar/Gravel
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by eXp Realty