MLS® A2287491 · Active

4908 54 Avenue

High Prairie, Alberta

$599,900

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2287491

Status

Active

Property type

Multi-family

City

High Prairie

Year built

1993

Living area

1779 square feet

Listing brokerage

RE/MAX House of Real Estate

About this property

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 Include New SIDING on the FRONT + a FRESHLY Painted Deck.MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (2026 and 2022 Years Old) + Hot Water Tanks (2022 + 2023) + 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:65883)

Location

Call 780-916-8050 · Browse more properties

Listing information provided through CREA DDF®. Listing courtesy of RE/MAX House of Real Estate. Source attribution · REALTOR.ca

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