Lower Mount Royal Multi Family (Commercial) for sale: 700 sq.ft. (Listed 2020-04-17)

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• Property Value$2,399,000
• Property Address1726 10A ST SW, Calgary, Alberta, T2T 3J8, Ca
• TypeMulti Family (Commercial)
• Year Built1965

• Available Building Area700 sq.ft.
• Lot Size Area6,501 sq.ft.

Lower Mount Royal

1726 10A ST SW, Calgary, Alberta, T2T 3J8, Ca

Description

Amazing location in the heart of Lower Mount Royal and right off of 17 Avenue! Even in this market this building sits at a cap of 4.5-4.7%! BEST OF ALL THIS BUILDING IS STRATA TITLED - options are endless. All SEPARATE METERS. Hold and cash flow or sell each unit individually. Solid long term economic life left on this gem and this 11 UNIT plus 1 office/bachelor is always rented - every unit is massive and not your typical one bed. In the past the seller had fully furnished to boost revenue - another option for a potential buyer. Gross yearly income is $145,800 without bachelor unit as it is being used as an office! LOTS OF POTENTIAL TO INCREASE RENT! Building has been fully renovated in recent years with new windows, roof, plumbing, electrical and exterior paint! Units have granite and hardwood. Fully functional intercom system and open common areas with newer carpet and railings. 6 Energized parking stalls and ALL UNITS HAVE THEIR OWN IN SUITE LAUNDRY! There is also a storage locker area for the units. PLEASE TEXT FOR RENT ROLL - THANKS

Listing Provided By

RE/MAX HOUSE OF REAL ESTATE