7304 78 Av Nw
78 Ave NW, Southeast Edmonton, Edmonton, AB, T6B 0C1
Quick Summary
Quick Summary
- Fully rented 4-plex generating $5,755/month income
- Legally zoned and titled 4-plex with 3BR upper suites
- Convenient location close to major roads and amenities
- Ample parking with double garage, 4 stalls, street parking
- Opportunity to rent, hold, improve and refinance
- Current CAP rate of 4.99%, potential to increase to 6.11%
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... Show More
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%! (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Family room
Family Room
Bedroom 4
12′9″ x 11′1″
Bedroom
9′3″ x 9′7″
Living room
Living Room
Dining room
Dining Room
Kitchen
Kitchen
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
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