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Prince Albert - 4 Plex - all 3 Bedroom self contained units with separate exterior entrances

KeithnCalgary

Mortgage Associate & REIA
REIN Member
Joined
Mar 21, 2011
Messages
154
After 15 years with our JV on this property, it has come time to sell. JV has decided they would like to move on.

2036 15 Ave E Prince Albert

Price $465K (Yield ($4500 x 12)/465000 x 100= 11.6%)

Month rent $4000
Monthly Utility income $ 500
Total Monthly income $4500

Expenses
Gas $235
Energy $205
Water $160
Insurance $573
Tax $532
Property Mngmt $320 (8% of rent only not utility income)(can self-manage if you wish)
Total Expense $2025


A mortgage of $372K at 5.64% with 30 year AM is payment of $2130 per month (Ask me how I can help you obtain your mortgage financing)

Total Expenses with mortgage $4155

All units are 1000 sq feet above ground, 3 bedrooms and 1 bath w/fridge, stove, DW, washer and dryer interior and exterior storage space
Each unit has its own exterior entrance
Each unit has a private balcony
6 electrified parking stalls
Hot water heating
New 75 gallon hot water tank 2020
The ground around the building and parking area all regraded in 2018
All units painted within 12-14 months
Directly across from school in East Hill community makes great family rental


Resized_Resized_20220923_145539.jpgResized_20220923_1455521.jpgResized_20220923_150148.jpgResized_20220923_150315.jpgResized_Resized_20220923_150322.jpgResized_20220923_1503471.jpgEast side and Rear View.jpgFront View 2.jpgFront View.jpgparking view.jpgResized_Resized_20220923_145539.jpgResized_20220923_1455521.jpgResized_20220923_150148.jpgResized_20220923_150315.jpgFront View.jpgparking view.jpg
 
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