2619 16 Street Sw Calgary, Alberta T2T 4G3

3,903 ft2
None

$1,449,000

Investment opportunity. Up/down 4 plex, just one block from 26 Ave in Bankview in 16 street. This area is big enough to a brand new condo building units, with maximum floor area ratio of 2.5. Each unit is 820 sq.ft. Mix of 3 -2 beds and 1 - 1 bed. Had recently upgraded to newer kitchen cabinet and flooring, newer bath room vanity. Monthly rent is $7,080.00, gross $84,960, net operating income is $72,196.56 making cap rate 5%. Great cash flow and holding property for redevelopment. (id:60626)

Property Details

MLS® Number A2249523
Property Type Multi-family
Neigbourhood South Calgary
Community Name Bankview
Amenities Near By Shopping
Community Features Pets Allowed
Features Other
Parking Space Total 4
Plan 3551s
Structure None

Building

Appliances Washer, Refrigerator, Range - Electric, Dryer
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1958
Construction Material Wood Frame
Cooling Type None
Exterior Finish Brick
Flooring Type Laminate, Tile
Foundation Type See Remarks
Stories Total 2
Size Interior 3,903 Ft2
Total Finished Area 3902.55 Sqft
Type Multi-family
Utility Power Generator
Utility Water See Remarks

Parking

Concrete
Parking Pad

Land

Acreage No
Land Amenities Shopping
Sewer Municipal Sewage System
Size Depth 15.3 M
Size Frontage 12.19 M
Size Irregular 498.00
Size Total 498 M2|4,051 - 7,250 Sqft
Size Total Text 498 M2|4,051 - 7,250 Sqft
Zoning Description M-c2

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