Active
PATTERSON PLACE
7720 Patterson Drive , Grande Prairie, AB
$289,900
Residential · MLS® A22810673Bedrooms
2Bathrooms
779Sq Ft
2Garage
1975Year Built
02 / Overview
PROPERTY OVERVIEW
Located in convenient Patterson, this up/down property presents a fantastic opportunity for investors or buyers seeking reliable rental income. The home is configured with two fully self-contained suites, upper unit with 2 bedrooms and one bathroom, basement with 1 bedroom & 1 bathroom along with separate heat sources for added comfort and efficiency. The upper suite features updated flooring and a refreshed kitchen and is currently rented month to month at $1,350, while the lower suite is rented for...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area779 sq ft
Lot Size3,630 sq ft
ZoningRG
HeatingForced Air • Natural Gas
CoolingNone
ParkingCarport
ExteriorOther
BasementFull
Year Built1975
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,779After mortgage & expenses
Cap Rate11.8%Based on market rents
Cash on Cash Return36.8%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
PATTERSON PLACE
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Brandi Martin · Century 21 Grande Prairie Realty Inc.