5316 Lansdowne Avenue,Blackfalds, AB T0M0J0
Blackfalds, AB T0M0J0
Description
. This attractive 4-plex in Blackfalds is listed at $675,000 and generates a gross rental income of $57,600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services at approximately $350 per month (around $4,200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom on the main floor. Additional annual expenses include property taxes of $5,656, insurance of $4,934 (as reported last year), and minimal maintenance costsabout $1,000 in miscellaneous expenses in 2024. Management fees are set at 8.5% of the gross income, which comes to roughly $4,896 per year, and the property has enjoyed no vacancies in recent years. With these expenses, the net operating income comes to approximately $36,914, resulting in a cap rate of roughly 5.5%. Located beside both the Eagle Hockey Area and the Blackfalds Library, this property presents a compelling investment opportunity in a prime location. (id:13843)
Details
| MLS # | A2192425 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Year | 1978 |
| Days On Site | 156 |
| Listing Provided By | Maxwell Real Estate Solutions Ltd. | Cordell Nielsen |
Features
| SQ Feet | 2,234 |
|---|---|
| Zoning | R2 |
Taxes
| Property | 5656 |
|---|
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Learn More About This Property
| Province | AB |
|---|---|
| City | Blackfalds |
| Postal Code | T0M0J0 |
| Community Name | Blackfalds Other |