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509 1 Street Se, Diamond Valley, AB

$449,900

Residential · MLS® A2289449
2Bedrooms
1Bathrooms
792.64Sq Ft
2Garage
1949Year Built
02 / Overview

PROPERTY OVERVIEW

Opportunity knocks with this 1949 bungalow situated on a rare double-wide 1,112 square meter lot in the heart of Diamond Valley. This 2-bedroom, 1-bathroom, 792 square foot home is a true handyman’s special and is being offered primarily for land value making it an incredible opportunity for builders, investors, or anyone dreaming of creating their perfect home in a charming small town setting.

The existing home features single level living, with a charming front porch, spacious living room, generous kitchen, as...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area792.64 sq ft
Lot Size11,977 sq ft
ZoningBD - SINGLE DETATCHED - R
HeatingForced Air
CoolingNone
ParkingAlley Access • Driveway • Off Street • Parking Pad
ExteriorPrivate Yard
BasementCrawl Space
Year Built1949
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$544After mortgage & expenses
Cap Rate3.0%Based on market rents
Cash on Cash Return-7.3%With 20% down payment
Est. Monthly Rent$1,487Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

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Needs Review
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by Kayla Hagen · Charles