01 / Property Detail

SUNALTA

1522 11 Avenue Sw, Calgary, AB

$460,000

Residential ยท MLSยฎ A2271763
3Bedrooms
1Bathrooms
1,344Sq Ft
2Garage
1907Year Built
02 / Overview

PROPERTY OVERVIEW

Vintage two storey 1344 sq.ft. rental property with livingroom, diningroom, kitchen, three bedrooms, 4 peice bathroom, basement, front porch, balcony, lots of offstreet parking, future development site, vacant for immediate possession. Market rent $1250 per month plus utilities. Note: there is water damage due to broken water pipes, the Seller estimates $20,000 needed to remediate the damage. Seller prefers to sell "as is"... price reduced.

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,344 sq ft
Lot Size3,250 sq ft
ZoningM-H1
HeatingForced Air
CoolingNone
ParkingOff Street
ExteriorBalcony
BasementPartial
Year Built1907
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$464After mortgage & expenses
Cap Rate5.7%Based on market rents
Cash on Cash Return6.0%With 20% down payment
Est. Monthly Rent$2,502Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

SUNALTA

Moderate Investment
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Investment Score62/100
Avg Home Price$369K
Active Listings21
Listed by Charles Russell ยท Houston Realty.ca