4803 61a Street Stettler, Alberta T0C 2L1
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$498,500
RARE INVESTMENT OPPORTUNITY! A strong rental market with rising rents make this a perfect time to add to your portfolio or start investing. Fully rented...This very well kept 4-plex has four 3-bedroom suites and many upgrades over time. The exterior of the building has been sided with hardy plank , eves troughs replaced in 2021, most of the windows have been replaced, kitchens/flooring/appliances have all been updated over time. The upper suites have large decks. The parking pad is paved and in good condition. The roof is a torch on membrane. The upper suites have forced air furnace heating and the lower suites have hot water radiant heating supplied by a boiler. Upper suites pay their own gas and power and lower suites pay their own power. Suites are rented for $1300/month each. 7% Cap rate. (id:43352)
Property Details
| MLS® Number | A2175120 |
| Property Type | Multi-family |
| Features | Pvc Window |
| Parking Space Total | 5 |
| Plan | 1871tr |
| Structure | Deck |
Building
| Appliances | Refrigerator, Dishwasher, Stove, Hood Fan, Window Coverings, Washer & Dryer |
| Constructed Date | 1976 |
| Construction Material | Poured Concrete, Wood Frame |
| Cooling Type | None |
| Exterior Finish | Concrete |
| Flooring Type | Carpeted, Linoleum |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Size Interior | 1990 Sqft |
| Total Finished Area | 1990 Sqft |
| Type | Multi-family |
Parking
| Other | |
| Parking Pad |
Land
| Acreage | No |
| Size Depth | 35.36 M |
| Size Frontage | 18.29 M |
| Size Total Text | Unknown |
| Zoning Description | T2r0 |
https://www.realtor.ca/real-estate/27581797/4803-61a-street-stettler
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Central Alberta REALTORS® Association
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October 26 2024 10:51:53
