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128 23 Av Ne Calgary, Alberta T2E 1V5

$1,199,000

Excellent 8-Plex on a quiet street in Tuxedo! Professionally managed for many years. This building features brick-facing around the entire exterior, 8 - 1 bedroom units (approx. 505sf) with a common laundry area and 6 paved parking spots in the rear. Rents are currently below market prices but could easily be raised once renovated. Two of the units have been upgraded with newer cabinets, fridge, stove and dishwasher and newer bathroom fixtures and flooring. The other units are for the most part in original condition with some newer flooring, sinks and countertops in specific units. This investment has the potential of a 4.99% Cap Rate. NOTE: No sign on the property. Please DO NOT approach or disturb the tenants! Thank you for your cooperation. (id:6020)

Property Details

MLS® Number C4270560
Property Type Multi-family
Neigbourhood Tuxedo Park
Plan 2129o

Building

Constructed Date 1968
Fireplace Present No

Land

Acreage No
Size Irregular 629.00 Sqm
Size Total Text 629.00 Sqm

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21180832

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Enzo Dipietro
Associate

(403) 999-3696
www.ENZOdipietro.com

RE/MAX Real Estate (Central)
206, 2411 - 4 Street N.w.
Calgary, Alberta T2M 2Z8

(403) 216-1600
(403) 284-4923

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