1610 28 Avenue Southwest. Calgary, Alberta T2T 1J4

REDUCED

$1,799,000

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  • Neighbourhood: South Calgary
  • HOA: N/a
  • MLS® #: A1025880
  • Year Built: 1960
  • Days Listed: 102

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Justin Havre Justin Havre REALTOR® - Team Leader Questions? Call: 1-403-217-0003

Justin Havre Justin Havre REALTOR® - Team Leader

Description

5% CAP RATE IN THIS MARKET! SELLER WOULD ENTERTAIN UP TO A 10% VENDOR TAKE BACK. Potential to bump up rents - THIS PROPERTY GENERATES $9630.00/month!! 9 units(6-1beds and 3-2beds) with a massive 1400 square foot unit that used to be the owner's suite. Roof, Windows and Boiler all renovated within the last 8 years. Also great opportunity for redevelopment down the road as it sits on a whopping 87.5 x 125 foot lot with a MC-1 zoning. 9 Parking stalls plus a garage for additional revenue. Opportunities like this rarely come on the market - great cash flow for holding or renovate/flip/bump up cash flow and potential re development. Please see below for breakdown of expenses: $760/month - property taxes $404.37/month - insurance (probably can be lowered, current owner probably paying double what he should) $900/month - main area utilities/Enmax $160/month - waste disposal Total NOI: $7,405.63/month or $88,867.56 Annually

Welcome to the great South Calgary Subdivision located in Calgary T2T 1J4.

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1610 28 Avenue Southwest - Subdivision Statistics

Avg. asking price $688,310
Price per sq. ft. $474
Median price $599,000
Number of homes for sale in South Calgary 67
Number of homes for sale in Calgary 5270
Avg. Days on Market 71

Essential Information

Amenities

  • Parking Spaces11

Listing Details

  • Listing OfficeRE/MAX HOUSE OF REAL ESTATE

Community Information

Additional Information

  • ZoningM-C1

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Request a showing of 1610 28 Avenue Southwest, a 0 bedroom, 0.00 bathroom Multi Family in South Calgary, Calgary. Built in 1960 and approximately 0 square feet in size, MLS #A1025880 is currently listed for $1,799,000. To schedule a property tour, contact us at Justin Havre & Associates.

MLS listings provided by Pillar 9™. Information Deemed Reliable But Not Guaranteed. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Listing information last updated on December 3rd, 2020 at 7:15pm MST.