2619 16 Street SW, Calgary, Alberta, T2T 4G3
Bankview, Calgary
- $1,449,000
- $1,449,000
- A2249523
- 3902.55
- 0.12
- 1958
Property Description
Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 – 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment.
Property Details
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Property Type 4 plex, Multi-Family
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MLS Number A2249523
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Property Size 3902.55 sqft
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Year Built 1958
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Property Status Active
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Parking 4
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Brokerage name TREC The Real Estate Company
Features & Amenities
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