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340 E 400 N , Raymond, AB

$499,900

Residential · MLS® A2317074
6Bedrooms
4Bathrooms
2,924.87Sq Ft
2Garage
1990Year Built
02 / Overview

PROPERTY OVERVIEW

Investor or multigenerational family dream!!! This beautifully renovated one-level bungalow with an attached legal suite offers an incredible opportunity for investors seeking strong rental potential or families looking for flexible living arrangements under one roof while maintaining privacy! Each side of the home features 3 spacious bedrooms, its own kitchen, generous living space, and separate mechanical systems, including two brand-new high-efficiency furnaces and two new hot water tanks! One side boasts two full bathrooms, including a private ensuite in the...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area2,924.87 sq ft
Lot Size12,986 sq ft
ZoningR-1
HeatingForced Air
CoolingNone
ParkingAttached Carport • Driveway • Off Street
ExteriorPrivate Entrance
BasementCrawl Space
Year Built1990
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$866After mortgage & expenses
Cap Rate6.5%Based on market rents
Cash on Cash Return10.4%With 20% down payment
Est. Monthly Rent$3,200Based 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 ANNE FRENCH · Grassroots Realty Group