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ATTENTION INVESTORS!

Bankview – Calgary, AB

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  • Details

  • List Price $1,595,000
  • MLS® No. C4139895
  • Year Built 1978
  • Age 39
  • Sq ft
  • Lot 5,899 sq ft
  • Condo Fee $1 / Monthly
  • Features Back Lane, See Remarks, Shopping Nearby, Visual Exposure
  • Address 1820 17 Street SW, Calgary, AB

About

Rarely does a turn-key, apartment building of this quality become available. All you have to do is sign the paperwork and start cashing cheques. Gross income is $113,580 with room to improve. NOI is $76,203. 4.7 Cap Rate. Your new 8 unit building is a solid concrete construction with brick exterior. No post tension cables to be concerned about. This one is almost all new. Roof, boiler, hot water tank, and windows have all been recently replaced. The suite mix is awesome with 5 spacious 2 bedroom units and 3 good sized one bedroom units. All of the units have been completely renovated with new floors, kitchen, bathrooms, etc. All suites also feature their own laundry. Several suites have exceptional downtown views. All of this leads to a building that attracts and retains high quality tenants. The building is already condo titled which allows for some creative buying strategies and multiple exit strategies as well. Don’t delay, this one is expected to sell quickly!

1820 17 Street Brochure

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