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5206 55 Avenue , Grimshaw, AB

$165,000

Residential · MLS® A2293961
2Bedrooms
2Bathrooms
1,472Sq Ft
0Garage
1989Year Built
02 / Overview

PROPERTY OVERVIEW

Welcome to a home that truly checks all the boxes—comfort, style, and value all wrapped into one beautifully updated property on your own land! This extensively renovated 2-bedroom, 1.5-bathroom manufactured home has been thoughtfully upgraded over the years, offering peace of mind and modern appeal. From the moment you step inside, you’ll appreciate the fresh paint, updated flooring, and an abundance of natural light pouring through newer windows and doors (approximately three years old). A durable tin roof installed around...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeManufactured House
Total Finished Area1,472 sq ft
Lot Size6,460 sq ft
ZoningR-2A
HeatingForced Air • Natural Gas
CoolingWindow Unit(s)
ParkingParking Pad
ExteriorPrivate Yard • Storage
BasementNone
Year Built1989
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,825After mortgage & expenses
Cap Rate17.7%Based on market rents
Cash on Cash Return66.3%With 20% down payment
Est. Monthly Rent$2,676Based 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 Layne Gardner · RE/MAX Northern Realty