Pending
REDWOOD
1302 Michigan Place S, Lethbridge, AB
$408,700
Residential ยท MLSยฎ A23320674Bedrooms
4Bathrooms
1,110Sq Ft
2Garage
1972Year Built
02 / Overview
PROPERTY OVERVIEW
Renovated bungalow on mature treed lot. Located in quiet cul-de-sac, with walking path in back, and just a few doors from Cedar Park and playground. Over the years, this owner has updated the inside cosmetics and furnace, and has comprehensively updated exterior with windows, soffit , fascia, eavestrough and added 3'8" fanfold insulation, underneath the James Hardie siding. 3 Bedrooms and 2 bathrooms upstairs, plus developed basement. Large kitchen and spacious dining area and living room. True pride of...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area1,110 sq ft
Lot Size8,766 sq ft
ZoningR-L
HeatingForced Air
CoolingNone
ParkingOff Street
ExteriorPrivate Yard
BasementFull
Year Built1972
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$259After mortgage & expenses
Cap Rate5.2%Based on market rents
Cash on Cash Return3.8%With 20% down payment
Est. Monthly Rent$2,143Based on comparable rentals
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05 / Location
REDWOOD
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by JEFF REIMER ยท Royal Lepage South Country - Lethbridge