01 / Property Detail

NONE

331 Gleichen Street , Gleichen, AB

$199,900

Residential · MLS® A2286529
3Bedrooms
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
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

NONE

Needs Review
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Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Elizabeth Kukulsky · Real Estate Centre