12 unit Multi-Family Apartment FOR SALE! This could be the next profitable asset to add to your investment portfolio or your first endeavor into multifamily ownership. Each unit has 2 bedroom, a fridge and stove. Coin operated washer and dryer in the basement. Detached 368 sqft garage for storage. This building in Brooks, has generated good income. The building has been well cared for over the years. 3 units are currently vacant and being renovated. A projected rent roll over $100K could make this a opportunity. With Vacancy rates extremely low in Brooks you are generating good cashflow out of the gate.
Essential information
MLS® number
A2353642
Status
Active
Price
$1,500,000
Property type
Multi-Family
Type
Apartment
Transaction
For Sale
Living area
6,054 sq ft
Year built
1970
Structure
Low Rise (2-4 stories)
Style
Apartment-Multi Level Unit
Levels
Multi Level Unit
Listing brokerage
ROYAL LEPAGE COMMUNITY REALTY
Source
Pillar 9™ MLS® System
Condominium
Restrictions
Call Lister
Interior
Heating
Baseboard, Boiler
Appliances
Other
Included
12 fridges, 12 stoves, coin operated washer and dryer
Exterior and construction
Roof
Asphalt Shingle
Foundation
Block
Zoning
R-HD
Parking
Total parking
12
Features
Stall
Community
Subdivision
SCEE
City
Brooks
Province
AB
Postal code
T1R 0T2
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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25 photos$198,0001213, 924 14 Avenue SW, Calgary
