12
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$499,000
Est. payment /mo
1,800 SqFt
Active
5219 53 Street Eckville, AB T0M 0X0
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Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $277
MLS® Listing ID A2245985
Year Built 1977
Property Sub-Type 4 plex
Property Description
FULLY RENTED 4-PLEX | NEW BOILER (2023) ~ Here's a solid investment opportunity in a quiet, easy-to-rent building—
perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, covered
entries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler with
a 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls were
excavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. There
have been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 in
gross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing your
portfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind.
perfect for the savvy investor. This fully tenanted 4-plex features four 2-bedroom, 1-bathroom suites, in-suite laundry hook-ups, covered
entries, separate electric meters, with ample rear and street parking. ~ Capital upgrades include: (2014) New Roof, (2023) New Boiler with
a 10-year warranty, (2022) Reframed Foundation Walls & New Sidewalks (over $100K invested). The North, West, and South walls were
excavated to the footings, rebuilt to modern standards, and wrapped below grade with proper drainage, sump pit, and weeping tile. There
have been no water issues since the family has owned it, even during major flooding in Eckville in 2011. ~ Currently generating $44,760 in
gross annual rental income, this property has a strong rental history and long-term income potential. ~ Whether you're growing your
portfolio or looking for a turnkey addition, this 4-plex delivers cash flow, key upgrades, and peace of mind.
Location
Province AB
County Lacombe County
Zoning R1A
Interior
Heating Boiler
Inclusions 4 x stoves, 4 x refrigerators, all window coverings (not belonging to tenants)
Appliance See Remarks
Exterior
Total Parking Spaces 4
Building
Dwelling Type Four Plex
Others
Restrictions None Known
Tax ID 57510671
Listed by CIR Realty