Active
NORTHEAST CRESCENT HEIGHTS
21 Hobbs Way Ne, Medicine Hat, AB
$799,900
Multi-Family · MLS® A22887902,832Sq Ft
4Garage
1993Year Built
02 / Overview
PROPERTY OVERVIEW
Well-kept fourplex located in desirable NECH, directly across from park and green space, offering an excellent investment opportunity with strong rental appeal. This property features spacious 3+1 bedroom units with 1.5 bathrooms, providing functional layouts ideal for families or long-term tenants.
Two of the units showcase updated flooring, adding modern appeal and value. Each suite includes a full kitchen, main floor laundry, and generous living spaces designed for comfortable everyday living. Tenants will appreciate the private fenced yards, along with outdoor...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeFour Plex
Total Finished Area2,832 sq ft
ZoningR-LD
Parking4 Car Garage
Year Built1993
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,230After mortgage & expenses
Cap Rate6.3%Based on market rents
Cash on Cash Return9.2%With 20% down payment
Est. Monthly Rent$4,956Based on comparable rentals
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05 / Location
NORTHEAST CRESCENT HEIGHTS
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by AMY TOEWS KLETZEL · RIVER STREET REAL ESTATE