$523,000
$539,000
3.0%For more information regarding the value of a property, please contact us for a free consultation.
3,905 SqFt
SOLD DATE : 08/10/2023
Key Details
Sold Price $523,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,905 sqft
Price per Sqft $133
MLS® Listing ID A2037979
Sold Date 08/10/23
Style Bi-Level,Side by Side
Originating Board Calgary
Year Built 2003
Annual Tax Amount $5,370
Tax Year 2022
Property Description
INVESTOR ALERT! Welcome to the charming town of Three Hills and this exceptional investment opportunity. This legal four-plex is one of four identical properties clustered together along the southeastern edge of town.
Each four-plex has four identical bi-level corner units, with each unit providing a private entrance, dedicated furnace, and hot water tank. Each unit has approximately 890 sqft of finished space and features two bedrooms, one 4-piece bathroom, spacious open living/dining area, a vaulted ceiling, and a large storage room. Plus, each building has 8 gravel parking stalls providing convenience for tenants.
The building has been impeccably maintained and features a quiet location centrally located within walking distance to downtown, Anderson Park, Kinsman Park, aquatic centre, splash park, childcare services, Kneehill Medical Clinic and Three Hills School.
Three Hills is a vibrant community located in the heart of Alberta, just 130 kilometers northeast from Calgary. The local economy is diverse, with a range of businesses spanning healthcare, agriculture, and retail. It's a town with a strong sense of community and a high quality of life. The town is known for its excellent education system, with Prairie College and the Three Hills School District providing world-class education opportunities.
So, if you're an investor or a homeowner looking for an attractive investment opportunity with positive net operating income, a solid capitalization rate, proven rental history, in a community with low vacancy rates, this property warrants a closer look. Contact me today to learn more about this unique investment opportunity.
Location
Province AB
County Kneehill County
Zoning R-2
Rooms
Basement Finished, Full
Interior
Interior Features No Animal Home, No Smoking Home, Open Floorplan, Pantry, Storage, Vaulted Ceiling(s)
Heating Forced Air, Natural Gas
Cooling None
Flooring Carpet, Linoleum
Appliance Electric Stove, Range Hood, Refrigerator
Exterior
Garage Alley Access, Gravel Driveway, Parking Pad
Garage Description Alley Access, Gravel Driveway, Parking Pad
Roof Type Asphalt Shingle
Porch Balcony(s)
Lot Frontage 144.99
Parking Type Alley Access, Gravel Driveway, Parking Pad
Total Parking Spaces 8
Building
Foundation Poured Concrete
Architectural Style Bi-Level, Side by Side
Level or Stories Bi-Level
Structure Type Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 56625863
Ownership Private
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