Multi-Family
Year Built: 1993
Area: 1779 sqft
Car Parking: 8
4908 54 Avenue High Prairie, Alberta T0G 1E0
$599,900
Description
Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft, while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed, making it a STRONG, LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013, NEWER VINYL FLOORING + Tiled flooring throughout, NEWER Windows + Doors, NEWER Vanities, + EXTERIOR IMPROVEMENTS booked for April!!MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024) APPLIANCE UPDATES: Stoves (2018 +2025), Fridges (2016 + 2019 + 2024).STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.Add this CASH-FLOWING asset to your portfolio TODAY!! (id:51913)
Property Details
| Amenities Near By : Park, Playground, Schools, Shopping |
| Features : Back Lane, Pvc Window, Level |
| Parking Space Total : 8 |
| Plan : 4267tr |
| Total Buildings : 1 |
| MLS® Number : A2287491 |
| Property Type : Multi-family |
Building
| Appliances : Washer, Refrigerator, Stove, Dryer, Hood Fan |
| Architectural Style : Bi-level |
| Basement Development : Finished |
| Basement Type : Full (finished) |
| Constructed Date : 1993 |
| Construction Material : Wood Frame |
| Cooling Type : None |
| Exterior Finish : Vinyl Siding |
| Fire Protection : Smoke Detectors |
| Flooring Type : Laminate, Tile, Vinyl Plank |
| Foundation Type : Poured Concrete |
| Heating Fuel : Natural Gas |
| Heating Type : Forced Air |
| Size Interior : 1779 Sqft |
| Total Finished Area : 1779.38 Sqft |
| Type : Multi-family |
Land
| Size Total : 566 M2|4,051 - 7,250 Sqft |
| Size Total Text : 566 M2|4,051 - 7,250 Sqft |
| Size Frontage : 15.2 M |
| Acreage : No |
| Land Amenities : Park, Playground, Schools, Shopping |
| Fence Type : Not Fenced |
| Landscape Features : Lawn |
| Size Depth : 37.2 M |
| Size Irregular : 566.00 |
| Zoning Description : R3 |
Map
Agents and Offices
- Simon D. Hunt
- Office: RE/MAX House Of Real Estate
