01 / Property Detail
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4908 54 Avenue , High Prairie, AB
$599,900
Multi-Family · MLS® A22874911,779.38Sq Ft
8Garage
1993Year Built
02 / Overview
PROPERTY OVERVIEW
Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!
This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management, this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.
The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft,...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeFour Plex
Total Finished Area1,779.38 sq ft
Lot Size6,092 sq ft
ZoningR3
HeatingForced Air • Natural Gas
CoolingNone
ParkingAlley Access • Common • Off Street • On Street • Outside • Parking Lot • Unpaved
ExteriorRain Gutters
BasementFull
Year Built1993
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$456After mortgage & expenses
Cap Rate5.4%Based on market rents
Cash on Cash Return4.6%With 20% down payment
Est. Monthly Rent$3,114Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
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Needs ReviewLoading map...
Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Simon D. Hunt · RE/MAX House of Real Estate