Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!!MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024) APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.Add this CASH-FLOWING asset to your portfolio TODAY!! (id:51989)
Features of 4908 54 Avenue
- MLS® Number A2287491
- Price $599,900
- Square Footage: 1779 sqft
- Property Type: Multi-Family
- Amenities Near By Park, Playground, Schools, Shopping
- Features Back Lane, Pvc Window, Level
- Parking Space Total 8
- Plan 4267tr
- Total Buildings 1
Buildings
| Appliances | Washer, Refrigerator, Stove, Dryer, Hood Fan | Architectural Style | Bi-level |
| Basement Development | Finished | Basement Type | Full (finished) |
| Constructed Date | 1993 | Construction Material | Wood Frame |
| Cooling Type | None | Exterior Finish | Vinyl Siding |
| Fire Protection | Smoke Detectors | Flooring Type | Laminate, Tile, Vinyl Plank |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Interior | 1779 Sqft |
| Total Finished Area | 1779.38 Sqft | Type | Multi-family |
Parking
| Shared | |
| Other | |
| Street |
Land
| Acreage | No | Fence Type | Not Fenced |
| Land Amenities | Park, Playground, Schools, Shopping | Landscape Features | Lawn |
| Size Depth | 37.2 M | Size Frontage | 15.2 M |
| Size Irregular | 566.00 | Size Total | 566 M2|4,051 - 7,250 Sqft |
| Size Total Text | 566 M2|4,051 - 7,250 Sqft | Zoning Description | R3 |
Utilities
| Electricity | Connected | Natural Gas | Connected |
| Telephone | Connected | Sewer | Connected |
| Water | Connected |
Agents and Offices
- Simon D. Hunt
- Office: RE/MAX House Of Real Estate