Nicely renovated 4plex in a quiet location. Nicely renovated and updated with new windows throughout, 4 newer furnaces, shingles (6-7 yrs old approx), and one suite was fully renovated in the last 6 months. One suite is largely original but in great condition, two other suites have been renovated and updated over the years. Building has always been easy to keep full and current tenants have been there long term. Current rents are $1000, $1050, $1050, and $1250 and can all be raised to market rent ($1500+) with 3 months notice to the tenants. Tenants all pay their own power and gas, landlord pays water/sewer/garbage. Lots of parking is available in the front and back. Building will provide well over 8% return once rents have been raised to market prices. This well cared for and well maintained building will make a great addition to any portfolio or a great starting point for anybody looking to invest in rental real estate! (id:51989)
Features of 23 Nordegg Crescent
- MLS® Number A2201462
- Price $650,000
- Square Footage: 2080 sqft
- Property Type: Multi-Family
- Community Name: Normandeau
- Amenities Near By Park, Playground, Schools, Shopping
- Features Back Lane, Closet Organizers
- Parking Space Total 6
- Plan 7720983
- Structure Deck
Buildings
| Appliances | Refrigerator, Stove, Washer & Dryer | Architectural Style | Bi-level |
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1981 | Construction Material | Wood Frame |
| Exterior Finish | Brick, Stucco | Flooring Type | Carpeted, Linoleum, Vinyl |
| Foundation Type | Wood | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Interior | 2080 Sqft |
| Total Finished Area | 2080 Sqft | Type | Multi-family |
Parking
| Other | |
| Street |
Land
| Acreage | No | Land Amenities | Park, Playground, Schools, Shopping |
| Size Total Text | Unknown | Zoning Description | R-m |
Agents and Offices
- Andrew Russell
- Office: RE/MAX Real Estate Central Alberta