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$549,777
Est. payment /mo
2,120 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2120.0
Square Footage 2,120 sqft
Price per Sqft $259
MLS Listing ID A2317971
Year Built 1979
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 50 x 125 ft
Property Sub-Type 4 plex
Property Description
Investor Alert: Turnkey Cash-Flow Monster with a 15% Cash-on-Cash Return!
Smart investors know that true wealth is built on low vacancy,strong yields,and massive tenant retention,and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return,this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds,this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact,two previous tenants loved living here so much they stayed for over 19 years,proving the ultimate stability of this asset.
Situated on a massive,prime corner lot,the property offers abundant off-street and street parking,plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you,8 brand-new appliances installed just this week,alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years.
Location is everything for a stress-free rental,and Eckville boasts an incredibly tight,near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants,while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake,30 minutes to Rocky Mountain House,and an easy 40 minutes into Red Deer. If you are looking for an affordable,high-yielding addition to your portfolio where the numbers actually make sense from day one,this is the pride-of-ownership building you've been waiting for.
Smart investors know that true wealth is built on low vacancy,strong yields,and massive tenant retention,and this exceptional Eckville fourplex delivers on all three. Boasting a jaw-dropping 15% cash-on-cash return,this rock-solid building features an ideal revenue-generating mix of three massive 3-bedroom suites and one spacious 2-bedroom unit. Unlike cramped modern builds,this property offers incredible square footage and tons of "elbow room" that keeps tenants happy and staying long-term. In fact,two previous tenants loved living here so much they stayed for over 19 years,proving the ultimate stability of this asset.
Situated on a massive,prime corner lot,the property offers abundant off-street and street parking,plus a detached single-car garage that provides an easy opportunity for extra monthly revenue or landlord storage. The heavy lifting has already been done for you,8 brand-new appliances installed just this week,alongside a highly efficient boiler system and hot water tanks that have been consistently upgraded over the years.
Location is everything for a stress-free rental,and Eckville boasts an incredibly tight,near-zero vacancy rate hovering around 1%. Tenants will love being within walking distance to local shopping and restaurants,while commuters enjoy effortless highway access—just a quick 20-minute drive to the booming lakeside community of Sylvan Lake,30 minutes to Rocky Mountain House,and an easy 40 minutes into Red Deer. If you are looking for an affordable,high-yielding addition to your portfolio where the numbers actually make sense from day one,this is the pride-of-ownership building you've been waiting for.
Location
Province AB
Zoning R2
Interior
Heating Hot Water, Natural Gas
Inclusions 4 refrigerators; 4 stoves; 1 dishwasher; 3 washers; 3 dryers
Furnishings Unfurnished
Fireplace No
Laundry In Unit
Exterior
Parking Features Off Street, Single Garage Detached
Garage Spaces 1.0
Fence None
Total Parking Spaces 4
Garage Yes
Building
Lot Description Back Yard, City Lot, Corner Lot, Landscaped, Lawn
Dwelling Type Four Plex
Others
Restrictions None Known
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Listed by Realty Executives Alberta Elite
NEARBY SCHOOL & BUSINESS
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