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12228 Range Road 64 , Rural Cypress County, AB
$899,000
Residential ยท MLSยฎ A22940212Bedrooms
1Bathrooms
1,215Sq Ft
2Garage
1976Year Built
02 / Overview
PROPERTY OVERVIEW
UNIQUE PROPERTY just minutes from Medicine Hat city limits. This 30 acre parcel comes with 27 acres of IRRIGATION RIGHTS ! There are 2 Alfalfa fields with wheel move irrigation systems, and a landscaped 3 acre yard in between them. Great Potential to Farm , run Cattle , keep Horses, run a Short Term Rental , Hobby Farm , or any combination of these. Structures include a 2 bedroom ( plus loft ) Cedar Log home, a detached double garage,...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,215 sq ft
Lot Size1,306,800 sq ft
ZoningA1-IDP, Agricultural Dist
HeatingCentral
CoolingWall/Window Unit(s)
ParkingDouble Garage Detached
ExteriorPrivate Entrance
BasementNone
Year Built1976
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$1,794After mortgage & expenses
Cap Rate2.1%Based on market rents
Cash on Cash Return-12.0%With 20% down payment
Est. Monthly Rent$2,226Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
NONE
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Investment Score53/100
Avg Home PriceN/A
Active ListingsN/A
Listed by MURRAY SCHLENKER ยท RE/MAX MEDALTA REAL ESTATE