PRIME INVESTMENT with 4 units in this suited side-by-side duplex. One of the units is needing to be updated, but the rest have had a facelift previously. All units are occupied and have long term tenants. Some updates include the new roof 2018, furnaces and hot water tanks 2012. The upper units are both 3 bedrooms with 1.5 bathrooms, and the lower units have 2 bedrooms....for a total of 10 bedrooms and each unit has its own laundry. Outside the units have storage sheds and there's enough parking for 8 vehicles. Total gross rents are currently $4890 with a CAP rate of 4.5%, the net is $3711/month and can easily be over $4200+/month as all rents can be increased to reflect the market and bring you to a 6%+ CAP. This is an ideal rental as you are only a 1/2 block to 66 St for transit, and a few blocks from Millwoods Town Center for everything else.
Address
6706 19 AV NW
List Price
$738,800
Property Type
Residential
Type of Dwelling
Duplex
Style of Home
Bi-Level
Transaction Type
sale
Area
Edmonton
Sub-Area
Ekota
Bedrooms
8
Bathrooms
6
Half Bathrooms
2
Floor Area
2,360 Sq. Ft.
Lot Size
4182.86 Sq. Ft.
Lot Shape
Rectangular
Year Built
1975
MLS® Number
E4449931
Listing Brokerage
RE/MAX Real Estate
Postal Code
T6K 2G8
Zoning
Zone 29
Parking
2 Outdoor Stalls, Stall, See Remarks
Community Features
Deck, Detectors Smoke, No Smoking Home
Exterior Features
Airport Nearby, Back Lane, Fenced, Golf Nearby, Low Maintenance Landscape, Park/Reserve, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby
Interior Features
ensuite bathroom
Heat Type
Forced Air-1, Natural Gas
Construction Materials
Wood, Brick, Stucco
Direction Faces
South
Foundation Details
Concrete Perimeter
Garage Type
No
Roof
Asphalt Shingles
Access To Property
Paved