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120 Main Street , Michichi, AB

$230,000

Residential · MLS® A2262174
2Bedrooms
1Bathrooms
912Sq Ft
1Garage
1949Year Built
02 / Overview

PROPERTY OVERVIEW

Looking for peace and quiet with free reliable internet ? Your search is over. This character home awaits your own personal touch. Situated on four lots, with an option for future development of a dream shop or to build your dream home. Upgraded electrical panel 100 amp service. This property has been lived on and maintained by the same family for more than 50yrs. The well cared for home would love an update,...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area912 sq ft
Lot Size12,000 sq ft
ZoningR
HeatingForced Air • Natural Gas
CoolingNone
ParkingOff Street • Parkade • RV Access/Parking
ExteriorFire Pit • Garden • Private Yard • Rain Barrel/Cistern(s) • RV Hookup • Storage
BasementPartial
Year Built1949
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$611After mortgage & expenses
Cap Rate7.7%Based on market rents
Cash on Cash Return15.9%With 20% down payment
Est. Monthly Rent$1,696Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Sherry Hummel · RE/MAX Now