4524 75 Street NW

Multi Family For Sale in Bowness, Calgary NW

$1,295,000
7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses..WORTH THE ASKING PRICE. RISING RENTS for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,525/month or $90,300/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,077. NET INCOME $72701. CAP RATE 5.6% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Ideal for a hands on local investor. Quick closing for an ASTUTE INVESTOR. See the 2:27 minute virtual tour. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom. To view write offer subject to viewing.
Address 4524 75 Street NW
List Price $1,295,000
Property Type Commercial
Type of Dwelling Multi Family
Area Calgary NW
Sub-Area Bowness
Lot Size 11253 Sq. Ft.
Year Built 1972
MLS® Number A1131971
Listing Brokerage RE/MAX REAL ESTATE (CENTRAL)
Postal Code T3B 2M9
Zoning M-C1
Site Influences Back Lane, Near Public Transit

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DERYCK OSTASHEK

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202, 5403 Crowchild Trail NW.
Calgary AB T3H 0B5

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