Active
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227 53 Avenue E, Claresholm, AB
$350,000
Multi-Family · MLS® A22763322,689Sq Ft
8Garage
1963Year Built
02 / Overview
PROPERTY OVERVIEW
GREAT investment opportunity in the thriving community of Claresholm! This suited duplex features TWO 2-bedroom, 1-bathroom units and TWO 1-bedroom, 1-bathroom units, PLUS a double carport joining each side of this duplex, all wrapped up in sweet 1960s charm. Buy it and keep it as is, or switch things up and renovate it into two larger units with a single carport or garage each side. Or start with a clean slate and build a fresh new complex on this massive...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeDuplex
Total Finished Area2,689 sq ft
Lot Size16,552 sq ft
ZoningR2
HeatingForced Air • Natural Gas
CoolingNone
ParkingAttached Carport • Driveway • Front Drive
ExteriorNone
BasementCrawl Space
Year Built1963
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$2,949After mortgage & expenses
Cap Rate14.6%Based on market rents
Cash on Cash Return50.5%With 20% down payment
Est. Monthly Rent$4,706Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
NONE
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by VIRGINIA WISHART · CIR REALTY