01 / Property Detail
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331 Gleichen Street , Gleichen, AB
$199,900
Residential · MLS® A22865293Bedrooms
2Bathrooms
1,088Sq Ft
2Garage
1995Year Built
02 / Overview
PROPERTY OVERVIEW
Welcome to this well-kept 1995 SRI 3-bedroom home featuring 2 full bathrooms and a bright open-concept floor plan. No lot fees, you own the land! Built with 2x6 exterior walls for added efficiency, this home offers east-facing windows that fill the space with natural light. All appliances are included, making this a move-in ready opportunity. The current owner has modified the kitchen and updated the master bathroom adding modern touches while maintaining the home’s warm and inviting feel.
Outside, you’ll find...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeManufactured House
Total Finished Area1,088 sq ft
Lot Size6,000 sq ft
Zoning110
HeatingForced Air • Natural Gas
CoolingNone
ParkingOff Street
ExteriorPrivate Yard
BasementNone
Year Built1995
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,168After mortgage & expenses
Cap Rate11.5%Based on market rents
Cash on Cash Return35.1%With 20% down payment
Est. Monthly Rent$2,054Based on comparable rentals
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05 / Location
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Needs ReviewLoading map...
Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Elizabeth Kukulsky · Real Estate Centre