2302 16A Street SW

4 plex For Sale in Bankview, Calgary CC

  • 1,615 Sq M.
  • Built 1950
INVESTOR ALERT 7.5% CAP!!! This is an excellent opportunity to capitalize on an updated and fully rented 4-plex or collect rent as you wait for the permits for your development. The building boasts 5 fully occupied units and is in a highly desirable location on Buckmaster Park just minutes from downtown 17 Ave. The monthly income is $5,250 and the cap rate is just under 8%!!! The building configuration consists of 5 units (4 legal): a top floor 2-bedroom unit, a 1 bedroom and bachelor unit on the main floor, a walk-out 1 bedroom unit, a bonus walk-out unit in the basement, a common area, and a laundry room. The building and grounds are designed to be low maintenance and 3 units are individually metered. Unit 1, and 1A share a meter. The large balconies overlook the park and downtown, there is a newer roof of 6 years, and your tenants have a fully terraced backyard. Add this to your investment portfolio today!
Address 2302 16A Street SW
Property Type Multi-Family
Type of Dwelling 4 plex
Area Calgary CC
Sub-Area Bankview
Floor Area 1,615 Sq M.
Lot Size 3272 Sq M.
Year Built 1950
MLS® Number A1229652
Postal Code t2k 4k4
Zoning M-CG d72