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$769,000 Sale
Listed 20 days ago
8504 121 Avenue
· 10
· 4
· 2
· 2551.07
Key Facts
Key facts for 8504 121 Avenue
Property Type
House, Bungalow
Parking
Double Garage Detached 2 garage, Double Garage Detached 4 parking
MLS®
E4459404
Size
2551.07 sqft
Basement
Full,Finished, Fully Finished
Listed on
-
Lot size
-
Tax
-
Days on Website
-
Year Built
1970
Maintenance Fee
-
Description
4 LEGAL SUITES! 10 Bedrooms side by side DUPLEX and a DOUBLE GARAGE! Located on a 50x148 Sq ft CORNER Unit! COMPLETELY RENOVATED with 4 redone kitchens, S/S appliances, redone bathrooms, new flooring, paint and baseboards. Other improvements include a 2011 roof, Vinyl Windows, high efficiency furnac...es, 100 AMP electrical panels for each side, plus 2 fenced yards. This is the perfect, turnkey, buy and hold, w/ a long term land play! Located on a 90 degree corner lot with a boulevard and city sidewalks, back alley access from the side of the property, a nearby fire hydrant, and electrical lines on your side of the alleyway. This Property is also great for cash flow with a gross total Monthly rental income is $7200+ and total monthly costs traditionally floating around 2200-2600 / month, taking into consideration a vacancy rate of 5%, this property has an NOI of approximately 54-55k / year. This property has a Cap rate of OVER 7% at the current list price. A MUST SEE!
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Courtesy of: Logan Patterson, Logic Realty