Multi-Family
Year Built: 1973
Area: 2473 sqft
Car Parking: 6
11440 Elbow Drive Sw Calgary, Alberta T2W 2E6
$1,150,000
Description
**LEGAL, PURPOSE-BUILT FOURPLEX | TURN-KEY MULTI-FAMILY INVESTMENT | WALK-OUT DUPLEX DESIGN | SEPARATELY METERED**Exceptional opportunity to own a legal, purpose-built fourplex in the highly desirable Southwest community of Southwood. This well-maintained, turnkey investment property features four self-contained 3-bedroom units, each with a private entrance, walk-out lower level, in-suite laundry, separate utilities, and individual metering—offering an attractive, low-maintenance investment for both seasoned and first-time investors.Each suite is equipped with its own dedicated furnace, hot water tank, full-size washer and dryer, and six newer appliances, all in good working order. The separately metered design helps minimize owner operating costs while providing convenience for tenants.The property includes four assigned parking stalls, each with an electrical plug-in, plus two visitor parking stalls.Conveniently located with excellent access to public transportation, the #37 City Bus stops just outside the property, while Anderson LRT Station is only four blocks away. Schools, shopping, parks, and everyday amenities are all just minutes from the doorstep, making this a highly desirable location for tenants.Proudly self-managed by the current owner, this property generates $67,200 in annual rental income. Two units are secured with one-year leases, while one exceptional long-term tenant of 11 years is currently on a month-to-month tenancy, as well as another long term tenant is also on a month to month tenancy providing stable cash flow and simplified property management. All units are in good clean condition.A rare opportunity to acquire a fully leased, income-producing multi-family property in an established, high-demand rental location. (id:51913)
Property Details
| Amenities Near By : Schools, Shopping |
| Community Features : Pets Allowed |
| Features : Back Lane, Wood Windows, Pvc Window, No Smoking Home, Level |
| Parking Space Total : 6 |
| Plan : 731047 |
| Structure : None, See Remarks |
| Total Buildings : 1 |
| MLS® Number : A2326477 |
| Property Type : Multi-family |
| Community Name : Southwood |
Building
| Appliances : Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Water Heater - Gas |
| Architectural Style : Bungalow |
| Basement Development : Finished |
| Basement Features : Walk Out |
| Basement Type : Full (finished) |
| Constructed Date : 1973 |
| Construction Material : Poured Concrete |
| Cooling Type : None |
| Exterior Finish : Brick, Concrete, Stucco |
| Fire Protection : Smoke Detectors |
| Flooring Type : Laminate, Tile, Vinyl Plank |
| Foundation Type : Poured Concrete |
| Heating Fuel : Natural Gas |
| Heating Type : Forced Air |
| Stories Total : 1 |
| Size Interior : 2473 Sqft |
| Total Finished Area : 2472.58 Sqft |
| Type : Multi-family |
| Utility Water : Municipal Water |
Land
| Size Total : 613 M2|4,051 - 7,250 Sqft |
| Size Total Text : 613 M2|4,051 - 7,250 Sqft |
| Size Frontage : 18.34 M |
| Acreage : No |
| Land Amenities : Schools, Shopping |
| Fence Type : Fence |
| Size Depth : 33.52 M |
| Size Irregular : 613.00 |
| Zoning Description : Mr |
Map
Agents and Offices
- Cathrine E. Watson
- Office: Comox Realty
