A,B&C, 2023 22 Avenue A,B&Ampc Delburne, AB T0M 0V0
Listing Courtesy of: PILLAR 9 - IDX / Century 21 Advantage / Patrick Galesloot

  A,B&C, 2023 22 Avenue A,B&Ampc Delburne, AB T0M 0V0

Active (30 Days)
$209,900

Description

Investor Alert: Unique Tri-Plex Generates Strong Rental Income in Delburne! Own a piece of Delburne history and a lucrative investment property! This meticulously maintained tri-plex, originally a church, boasts a prime location in the heart of the village. Spread across three lots with two titles, the property offers exceptional value and abundant space. Perfect for the savvy investor or owner-occupant, this tri-plex features: Three well-maintained suites: Each unit boasts approximately 750 sq ft on the main floor, with a spacious basement suite encompassing most of the lower level (minus mechanical). Live-in potential: Repurpose one suite for yourself and rent out the remaining units for a fantastic mortgage helper. Strong rental income: All three suites are currently occupied, generating a total of $3,200 per month. Solid financial performance: This investment boasts a Net Operating Income (NOI) of $17,098 per year and a desirable cap rate of 8%. Peace of mind ownership: The roof was replaced in 2012, and the mechanical system receives regular servicing for worry-free operation. Ample parking and easy access: Enjoy the convenience of ample on-site parking and effortless accessibility. This unique tri-plex offers a rare opportunity to own a piece of Delburne's heritage while reaping the rewards of a strong rental income. Don't miss out on this exceptional investment! ***Note photos from previous vacancies. ALL units are occupied.

MLS®:
A2132908
Lot Size
3,000 SQFT
Type
Multifamily
Year Built
1974
County
Red Deer County

Listed By

Patrick Galesloot, Century 21 Advantage
Source
PILLAR 9 - IDX
Last checked Jun 20 2024 at 12:55 AM MDT
Bathroom Details
Interior Features
  • Appliances : Refrigerator
  • Appliances : Range Hood
  • Appliances : Electric Stove
Subdivision
  • None
Property Features
  • Fireplace: Total Fireplace(s) : 0
Exterior Features
  • Roof: Asphalt Shingle
Parking
  • Parking Space(s) : 4
Living Area
  • 1,572 sqft
Location
   
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Disclaimer: Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.