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4524 75 Street Nw, Calgary, Alberta – $1,295,000

  • $1.3M Price
  • 60 DOM
  • $1.3M Price
  • 60 DOM

4524 75 Street Nw

7 UNIT TOWNHOUSE COMPLEX WITH INDIVIDUAL TITLES. One of the lowest priced strata title complexes. No common areas so low expenses. Rising rents for better cash flow. Unit 1 was $1,050 now $1,150 on new lease. All units are 2 bedrooms, 2 level bilevel, with their own furnace, hot water tank, washer and dryer, separate meters and separate entrance. 100% parking for 7 units. All units are self contained. Always full as affordable rents. Current rent roll is $7,345/month or $88,140/annual. Very low expenses: insurance $1,844, waste $1,260, taxes $9,783. NET INCOME $69,977 CAP RATE 5.4% with 3% vacancy and 3% maintenance. Major developments include Greenwich Neighbourhood, Real Canadian Superstore, newly purposed Bowness High School with elite athletes program. MAJOR UPGRADES to Bowness Park and Beaumont and Shouldice Parks. Close to Foothills Hospital and Alberta Childrens Hospital. Large lot 75 ft x 150 ft. PERFECT FOR AN INVESTOR. Quick closing for an ASTUTE INVESTOR. Calgary is becoming a tech hub with companies like Benevity, Infosys, Symend, and Blacksquare. Huge tech sector boom.

Essential Information

  • MLS® #A1082290
  • Price$1,295,000
  • Bathrooms0.00
  • Acres0.00
  • Year Built1972
  • TypeCommercial
  • Sub-TypeMulti Family
  • StatusActive

Community Information

  • Address4524 75 Street Nw
  • SubdivisionBowness
  • CityCalgary
  • CountyCalgary
  • ProvinceAlberta
  • Postal CodeT3B 2M9

Amenities

  • Parking Spaces7

Interior

  • HeatingForced Air, Natural Gas

Exterior

  • Lot DescriptionBack Lane, Near Public Transit
  • RoofSee Remarks
  • ConstructionStucco
  • FoundationOther

Additional Information

  • ZoningM-C1

Listing Details

  • OfficeRE/MAX REAL ESTATE (CENTRAL)
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RE/MAX REAL ESTATE (CENTRAL).

Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on May 16th, 2021 at 7:00pm MDT.