PALO

4709 46 Street , Sylvan Lake, AB

$549,800

Residential · MLS® A2292610

2Bedrooms

1Bathrooms

672Sq Ft

3Garage

1938Year Built

02 / Overview

PROPERTY OVERVIEW

.3 acre R2 Development lots 9 and 10. 13,410 sq ft with easy access back alley. Perfect for 4-6 plex townhouse development. The older 2 bedroom house can provide revenue as rental until you are ready to develop.

03 / Details

PROPERTY DETAILS

Property TypeResidential

Building TypeHouse

Total Finished Area672 sq ft

Lot Size13,410 sq ft

ZoningR2

HeatingForced Air • Natural Gas

CoolingNone

ParkingOff Street

ExteriorPrivate Entrance

BasementFull

Year Built1938

04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$1,178After mortgage & expenses

Cap Rate1.9%Based on market rents

Cash on Cash Return-12.9%With 20% down payment

Est. Monthly Rent$1,276Based on comparable rentals

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

05 / Location

PALO

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Investment ScoreN/A

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Listed by Jerry Rush · Royal LePage Network Realty Corp.