2302 16A St SW
16A St SW, Southwest Calgary, Calgary, AB, T2T 0N2
Quick Summary
Quick Summary
- Lucrative 7.8% CAP rate investment property
- Fully rented 4-plex with monthly gross income of $7,555
- Desirable Bankview location near Buckmaster Park
- Tenants vetted within past year with signed leases
- 4 compliant units including 2-bed, 1-bed, and bachelor
- Low maintenance with roof replacement 8 years ago
- Copper wiring and absence of poly-b plumbing
- Furnace-forced air heating in all units
Attention Investors! With a lucrative 7.8% CAP Rate, seize this prime opportunity to benefit from an updated and fully rented 4-plex. Alternatively, generate rental income while awaiting permits for your development plans. Nestled in the highly desirable Bankview area adjacent to Buckmaster Park, this property offers easy access to... Show More
Attention Investors! With a lucrative 7.8% CAP Rate, seize this prime opportunity to benefit from an updated and fully rented 4-plex. Alternatively, generate rental income while awaiting permits for your development plans. Nestled in the highly desirable Bankview area adjacent to Buckmaster Park, this property offers easy access to Calgary's vibrant Beltline entertainment and arts district. Boasting a monthly Gross Income of $7,555.00, all tenants have been meticulously vetted within the past year and have signed leases where the utilities are paid by the tenants. The building comprises 5 units, with 4 compliant with city regulations, including a top-floor 2-bedroom unit, a 1-bedroom unit, and a bachelor unit on the main floor, as well as rear walk-out 1-bedroom units. Engineered for low maintenance, the property features a roof replacement approximately 8 years ago, all copper wiring, absence of poly-b plumbing, and furnace-forced air heating in all units. Comprehensive documentation such as RPR, sewer and electrical inspections, proforma, floor plan, and 3D tour are available for review. Elevate your investment portfolio today with this exceptional opportunity! (id:54626)
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