655 4 Avenue, Calgary

Multi Family for Sale

655 4 Avenue, Calgary, MLS® # A2333975
  • MLS®#: A2333975
  • Price: $1,850,000
  • Status: Active
  • Year Built: 1973
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Classic Brick-and-Mortar Investment is what this 7-Suite Concrete Apartment Building is all about, with current revenue of $133,500 per year. Positioned in the heart of high-demand Bridgeland, this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony, a secure storage unit and a warm, welcoming layout that attracts and retains long-term tenants. Property Highlights: Convenient Parking: On-site rear surface parking eliminates street parking - no on street parking headaches for residents. Prime Location: Steps from public transit with quick, direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways, common areas, and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage, if required. Personally maintained with pride of ownership, this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid, turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.

Contact Ryan & Dennis Shandruk About MLS® A2333975

Required Field

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3

property information

  • Property Type: Multi Family
  • MLS®#: A2333975
  • Year Built: 1973
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Community Information

  • Address: 655 4 Avenue
  • Neighbourhood: Bridgeland/Riverside
  • City: Calgary
  • Postal Code: T2E 0J9
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interior

  • Included: 7 FRIDGES 7 STOVES - MAINTENANCE & CARETAKER ITEMS.
  • Fireplace Details: For Sale
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exterior

  • Roof: Tar/Gravel
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$1,850,000

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Listing Courtesy of
eXp Realty
Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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