221 4th Avenue E, Elrose

$269,000

7 Beds
4 Baths
1,920 Sqft
0 Acres
0 Garages

Imagine a multi-family building with monthly revenue of $3,350! This investment property is suited for the new investor who wants to dip their toe into multi-residential investing and the seasoned vet that just takes advantage of great deals. Comprised of three 2-bedroom suites that rent for $900 each and a 1-bedroom that rents for $650, this property comes with 4 fridges and stoves, coin-operated washer and dryer accessible to all tenants, three renovated washrooms, two hot water tanks, and a natural gas boiler. It has been well kept up and has a low maintenance yard that includes several well-graveled parking spaces with electrical outlets. This property doesn't need TLC, it needs you to sit back and collect rent. Other than this building having great bones, it's located minutes away from the oil drilling area, so finding a tenant is easy. It's not uncommon for this property to have a wait list of tenants. This is a secure and exciting money-maker. Talking about a complete package income producer that is affordable, turn-key and won’t last long. Don’t miss it!

This property has a 10.6% cap rate with an NOI of $28,493.

Essential Information
MLS® #SK801105
Price$269,000
Bedrooms7
Bathrooms4.00
Square Footage1,920
Acres0.00
Year Built1984
TypeResidential
Sub-TypeFourplex
StyleBi-Level
StatusActive
Community Information
Address221 4th Avenue E
SubdivisionElrose
CityElrose
ProvinceSaskatchewan
Postal CodeS0L 0Z0
Amenities
Parking Spaces4
ParkingGravel Drive
GaragesParking Spaces
Interior
HeatingHot Water
# of Stories1
Has BasementYes
BasementFull Basement, Fully Finished
Appliances

Fridge, Stove, Washer, Dryer, Window Treatment

Exterior
ExteriorSiding
Lot DescriptionLane
RoofAsphalt Shingles
ConstructionWood & Frame
Additional Information
Days on Market92
HOA Fees0.00
Listing Details
OfficeCentury 21 Fusion
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