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$ 549,777
Est. payment | /mo
2,120 SqFt
$ 549,777
Est. payment | /mo
2,120 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2120
Square Footage 2,120 sqft
Price per Sqft $259
MLS® Listing ID A2317971
Year Built 1979
Lot Size 6,243 Sqft
Acres 6243.0
Property Sub-Type Freehold
Property Description
Investor Alert: Turnkey Cash-Flow Monster with a 15% Cash-on-Cash Return!Smart investors know that true wealth is built on low vacancy, strong yields, and massive tenant retention, and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return, this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds, this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact, two previous tenants loved living here so much they stayed for over 19 years, proving the ultimate stability of this asset.Situated on a massive, prime corner lot, the property offers abundant off-street and street parking, plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you, 8 brand-new appliances installed just this week, alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years.Location is everything for a stress-free rental, and Eckville boasts an incredibly tight, near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants, while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake, 30 minutes to Rocky Mountain House, and an easy 40 minutes into Red Deer. If you are looking for an affordable, high-yielding addition to your portfolio where the numbers actually make sense from day one, this is the pride-of-ownership building you've been waiting for. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Hot Water,
Exterior
Parking Features Yes
Garage Spaces 1.0
Garage Description 1
Fence Not fenced
View Y/N No
Attached Garage No
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Lot Description Landscaped, Lawn
Others
Ownership Freehold
Listed by Realty Executives Alberta Elite
Nearby Locations
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