4524 75 ST NW , Calgary

Bed / $1,150,000 / MLS® Listing #:C4303199

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MAJOR PRICE REDUCTION of $445,000. . . . $151,000 LESS THAN ASSESSMENT. . . . .7 UNIT TOWNHOUSE COMPLEX strata titled with 7 individual titles. Record LOW interest rates. Upside to Rising rents. Unit 1 rented for $1.050/month. All units are 2 bedrooms, 2 level, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Low expenses as no common areas. Always full as affordable rents. Current rent roll is $6,605/month or $79,260 annually. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783, CAP RATE 5.4% with 3% vacancy and 3% maintenance. PERFECT FOR AN INVESTOR. Major developments including Greenwich and Real Canadian Superstore. 1/2 block to newly purposed Bowness High School with its elite athletes program. MAJOR upgrades to Bowness, Beaumont and Shouldice PARKS. Close to FOOTHILLS HOSPITAL and the ALBERTA CHILDRENS' HOSPITAL. Large lot. QUICK CLOSING for an ASTUTE INVESTOR.

Property Details

Property Type Commercial
Lot Dimensions 22.86 x 45.72
Square Feet 6912
Property Taxes $9,783
Days On Our Website 13
Full Baths 0
Half Baths 0
Air Conditioning False
Water Municipal

Listing Office: RE/MAX REAL ESTATE (CENTRAL)

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