About
11440 Elbow Drive Sw
LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METEREDExceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors.Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. Tenants enjoy the convenience of separate utility responsibility, helping to minimize owner operating costs.The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls.Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants.Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Three units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy. All tenants are responsible for their own utilities, providing stable cash flow and simplified property management.A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location. (id:51989)
