Looking for cash flow??? This 4-plex is a turn key investment that is fully rented and generates $5755/month of income between four suites and the garage. You can rent it as is, or do some sprucing up to increase the rental income and property value. The property is zoned as a legal and titled 4-plex with two 3 bedroom upper suites and two 2 bedroom lower suites that all have their own full bathrooms, entrances, furnaces, and laundry. It is located on a corner RF3 zoned lot across from a park that is conveniently located close to 75 street, Argyll, the Whitemud, or Whyte avenue. There is ample parking at this property as well with the double garage, 4 stalls, and corner street parking. Rent, hold, improve and refinance, or infill...the choice is yours! Current CAP rate is 4.99% but the ARV and stabilized CAP rate can see that increase to over 6.11%!
| Address |
7304 78 AV NW |
| List Price |
$697,500 |
| Property Type |
Single Family |
| Type of Dwelling |
4PLEX |
| Style of Home |
Bi-Level |
| Area |
Edmonton |
| Sub-Area |
King Edward Park |
| Bedrooms |
10 |
| Bathrooms |
4 |
| Floor Area |
2,431 Sq. Ft. |
| Lot Size |
8598.21 Sq. Ft. |
| Year Built |
1969 |
| MLS® Number |
E4385756 |
| Listing Brokerage |
RE/MAX Real Estate
|
| Postal Code |
T6B 0C1 |
| Site Influences |
Corner Lot, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby |
