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1-4, 320075 Range Road 240 , Rural Kneehill County, AB
$425,000
Residential · MLS® A22787287Bedrooms
4Bathrooms
3,368.7Sq Ft
1947Year Built
02 / Overview
PROPERTY OVERVIEW
A rare 4 Plex on 4 acres just minutes north of Three Hills, Alberta, this 4-acre country residential property offers an opportunity to own a four-plex on acreage within walking distance to downtown amenities, schools, and services. Originally built in 1947 and later converted to a four-unit dwelling, this property blends rural space with small-town convenience in a vibrant, growing community. It is priced below appraisal with repositioning potential. Use the extra land for added income such as RV...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeLow Rise (2-4 stories)
Total Finished Area3,368.7 sq ft
Lot Size174,240 sq ft
ZoningCR
HeatingBaseboard • Natural Gas
CoolingNone
ParkingAdditional Parking • None
ExteriorFire Pit
BasementFull
Year Built1947
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$4,085After mortgage & expenses
Cap Rate16.0%Based on market rents
Cash on Cash Return57.7%With 20% down payment
Est. Monthly Rent$6,245Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Blane Friesen · CIR Realty