4-Plex in the Heart of Sylvan Lake sitting on 3 lots!!! Amazing Investment Opportunity 3 - 2 Bedroom Units that are 931 square feet, 909 square feet and 861 Square feet plus a 1 bedroom lower level suite which is 642 square feet! All Units are in very good condition with newer kitchens and appliances and all have in unit storage! Front and Back Entrances, a ton of parking, Laundry Room with 1 Commercial Washer and Dryer, additional storage area, which could convert the 1 Bedroom lower level unit to a 2 bedroom unit. Roof is 30 Year Architectural Shingles which are believed to be 15 years old. HWT was replaced last year! Balconies were just rebuilt and painted, Front and Back Entrances have new Vinyl Plank Flooring, New Paint in Back Entrance. Excellent Investment Opportunity! Rents were increased for January 1, 2027 which will show a 7.1 CAP Rate for 2027. (id:51989)
Features of 4639 48 Street
- MLS® Number A2349257
- Price $659,900
- Square Footage: 2009 sqft
- Property Type: Multi-Family
- Community Name: Downtown
- Amenities Near By Park, Playground, Schools, Shopping, Water Nearby
- Community Features Lake Privileges
- Parking Space Total 8
- Plan 7833at
Buildings
| Appliances | Refrigerator, Stove, Washer & Dryer | Constructed Date | 1977 |
| Cooling Type | None | Flooring Type | Carpeted, Vinyl Plank |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Interior | 2009 Sqft |
| Total Finished Area | 2009 Sqft | Type | Multi-family |
Land
| Acreage | No | Fence Type | Partially Fenced |
| Land Amenities | Park, Playground, Schools, Shopping, Water Nearby | Size Irregular | 11250.00 |
| Size Total | 11250 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 11250 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | R2 |
Agents and Offices
- Cindy Price
- Tamara Janzen
- Office: Realty Executives Alberta Elite