Multi-Family
Year Built: 1971
Area: 1984 sqft
Car Parking: 2
419 Huntsville Crescent Nw Calgary, Alberta T2K 4W3
$1,199,900
Description
**INVESTOR ALERT!** An exceptional opportunity to own a **fully rented 4-unit income property with additional garage revenue** at **419 Huntsville Crescent NW**. Offering approximately **3,845 SQ FT of total developed living space**, this property features **2 main-floor units, 2 basement units, plus a double detached garage rented separately**, creating multiple income streams from one outstanding investment. 8600 SQFT LOT SIZE!! The **two main-floor units are 938 SQ FT each** and offer functional, spacious layouts designed for comfortable everyday living. Each unit features **3 bedrooms**, including a generous primary bedroom, a full bathroom, private laundry/mechanical area, kitchen, dining room, spacious living room and its own **private deck**. The well-planned layouts maximize usable living space while providing each tenant with a completely self-contained residence.The **two basement units are 889 SQ FT each** and provide equally impressive layouts. Each basement unit features **3 bedrooms**, a full bathroom, kitchen, dining area, spacious living room and its own dedicated laundry/mechanical area. With a total of **12 bedrooms across the four residential units**, this property offers excellent rental flexibility and strong income-producing potential.Best of all, the property is currently **FULLY RENTED and generating income from day one!** The **2 main-floor units rent for $1,600/month each**, producing **$3,200/month**. The **2 basement units rent for $1,500/month each**, producing another **$3,000/month**. The **double detached garage is separately rented for $350/month**, adding another valuable income stream.Combined, the property currently generates **$6,550 in gross monthly rental income or $78,600 in gross annual rental income**. Annual property taxes are approximately **$6,649.90**.Another major advantage for investors is the utility setup. **ALL 4 RESIDENTIAL UNITS HAVE SEPARATE UTILITY METERS, AND TENANTS PAY THEIR OWN UTILITIES**, help ing reduce the owner's ongoing operating expenses and making the property easier to manage.The separately rented **double detached garage generates an additional $4,200 annually**, maximizing the property's income potential beyond the four residential units.With **4 self-contained residences, 12 total bedrooms, separate laundry facilities, separate utility meters, tenant-paid utilities, additional garage income and established tenants already in place**, this property has all the ingredients of a strong investment opportunity. Whether you're expanding an existing real estate portfolio or searching for a multi-unit property with multiple established revenue streams, **419 Huntsville Crescent NW offers an attractive combination of consistent income, functionality and long-term investment potential.** A rare **TURNKEY INVESTMENT OPPORTUNITY** generating **$78,600 in current gross annual rental income!** (id:51913)
Property Details
| Parking Space Total : 2 |
| Plan : 8306jk |
| MLS® Number : A2344457 |
| Property Type : Multi-family |
| Community Name : Huntington Hills |
Building
| Appliances : Refrigerator, Dishwasher, Stove, Hood Fan, Washer & Dryer |
| Constructed Date : 1971 |
| Heating Fuel : Natural Gas |
| Heating Type : Forced Air |
| Size Interior : 1984 Sqft |
| Total Finished Area : 1984.49 Sqft |
| Type : Multi-family |
Land
| Size Total : 799 M2|7,251 - 10,889 Sqft |
| Size Total Text : 799 M2|7,251 - 10,889 Sqft |
| Size Frontage : 18.83 M |
| Acreage : No |
| Size Depth : 47.46 M |
| Size Irregular : 799.00 |
| Zoning Description : M-c1 |
Map
Agents and Offices
- Gurpreet Ghuttora
- Office: Real Broker
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