Active
RIVER FLATS
447 Allowance Avenue Se, Medicine Hat, AB
$519,900
Multi-Family · MLS® A22924681,435Sq Ft
1Garage
1941Year Built
02 / Overview
PROPERTY OVERVIEW
Welcome to 447 Allowance Ave SE, a solid four-plex in Medicine Hat’s River Flats offering an excellent opportunity for investors looking for strong rental potential.
This property features four self-contained units, including two spacious 2-bedroom, 1-bath suites and two comfortable 1-bedroom, 1-bath plus den suites, appealing to a wide range of tenants. Several units have been updated with modern flooring and fresh paint, creating clean and inviting living spaces.
The property also includes a detached garage/workshop, ideal for additional storage, maintenance space,...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeFour Plex
Total Finished Area1,435 sq ft
ZoningR-LD
ParkingDouble Garage Detached • Driveway • Garage Faces Side
Year Built1941
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$125After mortgage & expenses
Cap Rate4.8%Based on market rents
Cash on Cash Return1.4%With 20% down payment
Est. Monthly Rent$2,511Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
RIVER FLATS
Loading map...
Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
Community statistics are being updated. Check back soon for detailed insights.
Listed by DARIN MCKAY · RIVER STREET REAL ESTATE