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2302 16a Street Sw Calgary, Alberta t2k 4k4

$799,000

1615.25 sqft
Forced Air

INVESTOR ALERT 8% CAP!!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,250 and the cap rate is just under 8%!!! The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today! (id:37036)

Property Details

MLS® Number A1229652
Property Type Multi-family
Community Name Bankview
Plan 167u

Building

Appliances Refrigerator, Dishwasher, Hood Fan, Washer & Dryer, Water Heater - Gas
Basement Type Unknown
Constructed Date 1950
Construction Material Wood Frame
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 1615.25 Sqft
Total Finished Area 1615.25 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 304.00
Size Total 304 M2|0-4,050 Sqft
Size Total Text 304 M2|0-4,050 Sqft
Zoning Description M-cg D72

https://www.realtor.ca/real-estate/24555437/2302-16a-street-sw-calgary-bankview