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1920 12 AVE SW Calgary, AB T3C 0R8
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,512 sqft
Price per Sqft $222
Subdivision Sunalta
MLS® Listing ID A2123698
Sold Date 04/22/24
Originating Board Calgary
Year Built 1976
Annual Tax Amount $8,017
Tax Year 2023
Lot Size 6,512 Sqft
Acres 0.15
Property Description
Savvy investors check out this INCREDIBLE INVESTMENT OPPORTUNITY WITH BELOW MARKET RENTS and POTENTIAL TO INCREASE RENTS - CURRENT CAP RATE IS 5.5% and $76,000 NOI after property taxes and insurance. All tenants pay their own utilities. Very turn key cash flow property with no common area! This 4 plex has FOUR 3 bedroom/2 bathroom units in one, making your job as a landlord that much easier! M-C2 zoning(don't forget the city rezoning coming up for future development) with an extra deep 50' x 130' lot in PRIME AREA of Sunalta!! 'Four corner' 4plex style feels like each unit is it's own home with privacy and security. **Each unit has 3 bedrooms, 2 bathrooms, a fireplace, a private balcony, separate in-suite laundry room, a furnace, a hot water tank and an electrical panel**. Four good-sized parking stalls in the back allow tenants to leave their cars parked at home and stroll around this charming neighbourhood and neighbouring communities. All units have been recently renovated in past few years including roof, windows, railings on balconies, furnaces and hot water tanks and feature a spacious layout with large windows. Phenomenally located on a quiet street, just 4 blocks to the C-Train Station, within walking distance to top schools, diverse shops, great restaurants and tranquil river pathways plus only minutes to downtown, Kensington and trendy 17th Ave, perfect for any active lifestyle. PLEASE SEE SUPPLEMENTS FOR RENTAL INCOME AND EXPENSES. THANKS
Location
Province AB
County Calgary
Area Cal Zone Cc
Zoning M-C2
Interior
Heating Forced Air, Natural Gas
Appliance See Remarks
Laundry In Unit, Multiple Locations
Exterior
Parking Features Off Street, Stall
Garage Description Off Street, Stall
Community Features Park, Playground, Schools Nearby, Shopping Nearby, Walking/Bike Paths
Utilities Available Natural Gas Available
Roof Type Asphalt Shingle
Porch Balcony(s)
Total Parking Spaces 4
Building
Lot Description Back Lane, Near Shopping Center, Landscaped, Level, Near Public Transit, See Remarks
Foundation Poured Concrete
Water Public, See Remarks
Structure Type Wood Frame,Wood Siding
Others
Restrictions None Known
Tax ID 83052807
Ownership Private
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