14
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$595,000
Est. payment /mo
2,400 SqFt
New
709 Hammond DR S Fox Creek, AB T0H1P0
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Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2400.0
Square Footage 2,400 sqft
Price per Sqft $247
MLS Listing ID A2325910
Year Built 1980
Property Sub-Type 4 plex
Property Description
Welcome to your new investment opportunity. This fully occupied 4-plex with fixed term leases in place will properly reward you. The building contains 4 - 3 BR,1 1/2 BA suites. Each offers a full kitchen,dining area,living room,1/2 bath and a storage room on the main floor,along with 3 BR,a full bathroom,mechanical room and laundry area downstairs. 3 suites are unfurnished and one has just been furnished with all new furniture! There are patio doors leading from the main floor living space onto the outdoor balconies. The suites are designed in a bi-level format,with the living space upstairs on the main floor and the bedrooms downstairs on the lower level. Two units face the street and the other two face the back yard. 5 paved parking stalls are located to the front of the building,coming directly off the street. The building was built in 1980 and is constructed of wood framing and a PWF foundation. It is a wood-sided building with asphalt shingles on the roof. Each of the units has a gas furnace and hot water heater. RENOVATIONS: All 4 suites have had many updates. These renos include new paint,new vinyl plank flooring,bathroom updates,2 new high-efficiency furnaces,3 new hot water heaters and all 4 new balconies. Additionally,various appliance upgrades were installed within the last two years including washers,dryers,stove,all new electrical panel upgrades in all four suites,exterior doors,interior doors and so one for more than 30.000 dollars in upgrades. 3 suites are rented unfurnished and the tenants pay their own heat,hot water and electricity and the on unti is rented furnished,with the owner paying utilities. The owner pays the monthly water and sewer costs. Current gross return on investment: 13.31%. Net return on investment: 9.28% (based on 79200.- annual income - 23940.- projected expenses)
Location
Province AB
Zoning R3
Direction S
Rooms
Basement Full, Finished
Interior
Heating Forced Air, Natural Gas
Flooring Laminate
Inclusions None
Fireplace No
Appliance Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Exterior
Exterior Feature Garden
Parking Features Parking Pad, Plug-In, Stall
Roof Type Asphalt Shingle
Porch Balcony(s)
Total Parking Spaces 5
Garage No
Building
Dwelling Type Four Plex
Foundation Preserved Wood
Others
Restrictions None Known
Listed by eXp Realty