A,b&c, 2023 22 Avenue, Delburne, Alberta T0M 0V0 (26920192)
A,b&c, 2023 22 Avenue Delburne, Alberta T0M 0V0
$209,900
Investor Alert: Unique Tri-Plex Generates Strong Rental Income in Delburne! Own a piece of Delburne history and a lucrative investment property! This meticulously maintained tri-plex, originally a church, boasts a prime location in the heart of the village. Spread across three lots with two titles, the property offers exceptional value and abundant space. Perfect for the savvy investor or owner-occupant, this tri-plex features: Three well-maintained suites: Each unit boasts approximately 750 sq ft on the main floor, with a spacious basement suite encompassing most of the lower level (minus mechanical). Live-in potential: Repurpose one suite for yourself and rent out the remaining units for a fantastic mortgage helper. Strong rental income: All three suites are currently occupied, generating a total of $3,200 per month. Solid financial performance: This investment boasts a Net Operating Income (NOI) of $17,098 per year and a desirable cap rate of 8%. Peace of mind ownership: The roof was replaced in 2012, and the mechanical system receives regular servicing for worry-free operation. Ample parking and easy access: Enjoy the convenience of ample on-site parking and effortless accessibility. This unique tri-plex offers a rare opportunity to own a piece of Delburne's heritage while reaping the rewards of a strong rental income. Don't miss out on this exceptional investment! ***Note photos from previous vacancies. ALL units are occupied. (id:36938)
Property Details
| MLS® Number | A2132908 |
| Property Type | Multi-family |
| Parking Space Total | 4 |
| Plan | 6370ak |
Building
| Appliances | Refrigerator, Stove, Hood Fan |
| Constructed Date | 1974 |
| Construction Style Attachment | Attached |
| Size Interior | 1572 Sqft |
| Total Finished Area | 1572 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 3000.00 |
| Size Total | 3000 Sqft|0-4,050 Sqft |
| Size Total Text | 3000 Sqft|0-4,050 Sqft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/26920192/abc-2023-22-avenue-delburne
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May 25 2024 10:40:39
Central Alberta REALTORS® Association
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