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5008 56 Street , Rocky Mountain House, AB

$178,000

Residential · MLS® A2313107

1Bedrooms

1Bathrooms

836Sq Ft

2Garage

1962Year Built

02 / Overview

PROPERTY OVERVIEW

Opportunity awaits on this 7,700 sq. ft. lot located in a well-kept neighborhood in Rocky Mountain House. Surrounded by established homes and mature trees, this property offers excellent potential for redevelopment, renovation, or investment. The existing home requires significant repair and updating, making it best suited for buyers with vision and ambition. With services already on site and a generous lot size, this could be the perfect project for a contractor, investor, or anyone looking to create something new in...

03 / Details

PROPERTY DETAILS

Property TypeResidential

Building TypeHouse

Total Finished Area836 sq ft

Lot Size7,700 sq ft

ZoningR1

HeatingForced Air

CoolingNone

ParkingOff Street

ExteriorNone

BasementFull

Year Built1962

04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$663After mortgage & expenses

Cap Rate8.9%Based on market rents

Cash on Cash Return22.4%With 20% down payment

Est. Monthly Rent$1,513Based on comparable rentals

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

05 / Location

NONE

Needs Review

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Investment Score53/100

Avg Home PriceN/A

Active ListingsN/A

Listed by Vivian Sam · Coldwell Banker OnTrack Realty