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Descriptions:
This side x side duplex is in excellent condition. Upstairs are two units with legal basement suites that have their own exit. Each unit has 2 bedrooms, 1 bathroom, storage unit & their own laundry facilities. Upstairs is heated with furnace and down stairs has the underfloor heat. The suites are 984 sq.ft. with basements being 925 sq.ft. All have large master bedrooms that can accommodate a king bed. The rear parking stalls allows for one spot per tenant. Each unit has its own power and gas. Water & sewer is shared. Each unit has 5 appliances and window coverings. Great long term tenants. Gross Revenue is $48,000 per year, expenses are $17,350 (this also includes taxes & insurance for building). Net operating income is $30,649.00 giving you a cap rate just under 6%. If you are looking for other investments there is a 2001 4 plex with separate titles at $575,000 (MLS E4198805) & a 1993 12 suite apartment at 1.056 mil. All buildings have been well maintained. Shingles were done 2 years ago.
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Status: |
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Active
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Includes: |
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Dishwasher-Built-In, Dryer, Hood Fan, Refrigerator, Stove-Electric, Washer |
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Site Influences: |
Playground Nearby, Schools, Shopping Nearby |
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Legal Description: |
ACCESS Legal Description |
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Location & Listing Info: |
Neighbourhood: |
Drayton Valley |
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Lot Shape: |
Rectangular |
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Property Info: |
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Property Type: |
Duplex Side By Side |
Home Style: |
Bungalow |
Year Built: |
2003 |
Total Floor Area: |
1,978 sq. ft. |
Foundation: |
Concrete
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Front Exposure: |
West
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Exterior: |
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Exterior: |
Vinyl |
Foundation: |
Concrete |
Front Exposure: |
West |
Roof: |
Asphalt Shingles |
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Rooms: |
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Total Bedrooms: |
2
(Bedrooms Above: 2)
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Bathrooms: |
Bathrooms: |
1
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Rooms Above: |
5 |
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Additional Info: |
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Heating: |
Y |
Basement: |
Fully Finished |
Basement Type: |
Full |
Floor Finish: |
Carpet, Linoleum |
Parking: |
On Street, Rear Drive Access |
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Contact Heather Malin - 780-621-8001
5115 - 50th St (Box 6484), Drayton Valley, Alberta, T7A 1R9
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Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated January 17, 2021, 9:59 am. |
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