DOWNTOWN_STRATHMORE

212 5 Avenue , Strathmore, AB

$500,000

Residential · MLS® A2290833

2Bedrooms

1Bathrooms

956Sq Ft

2Garage

1943Year Built

02 / Overview

PROPERTY OVERVIEW

LOCATION, LOCATION, LOCATION: Downtown Strathmore! ATTENTION: Developers, Builders, Business owners — note the SIZE and R3 ZONING of this PRIME 75'x120' piece of land/lot with 2 titles. Future development of multi-family units with Town of Strathmore approval. A tremendous buy/hold investment opportunity with SPRING possession for Construction. Charming character bungalow. An ideal downtown revenue property, this single-family home with a detached garage will generate revenue $1500.00 per month plus utilities. Or, INVEST IN YOURSELF instead of your landlord while enjoying...

03 / Details

PROPERTY DETAILS

Property TypeResidential

Building TypeHouse

Total Finished Area956 sq ft

Lot Size64,583 sq ft

ZoningR3

HeatingForced Air • Natural Gas

CoolingNone

ParkingDouble Garage Detached • Heated Garage • Off Street • Oversized • RV Access/Parking • Workshop in Garage

ExteriorFire Pit

BasementFull

Year Built1943

04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$443After mortgage & expenses

Cap Rate3.4%Based on market rents

Cash on Cash Return-5.3%With 20% down payment

Est. Monthly Rent$1,773Based on comparable rentals

Want to run your own numbers?Customize down payment, rates, and rental assumptions

05 / Location

DOWNTOWN_STRATHMORE

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Listed by Debbie Mitzner · RE/MAX Landan Real Estate