128 23 Av Ne

$1,199,000, 5,063 Sqft

About This Property

Lowest "Price per Door" apartment building in Calgary between 1-2 million dollars! Excellent 8-Plex on a quiet street in Tuxedo! Professionally managed for many years. This building features brick-facing around the entire exterior, 8 - 1 bedroom units (approx. 505sf) with a common laundry area and 6 paved parking spots in the rear. Rents are currently below market prices but could easily be raised once renovated. Two of the units have been upgraded with newer cabinets, fridge, stove and dishwasher and newer bathroom fixtures and flooring. The other units are for the most part in original condition with some newer flooring, sinks and countertops in specific units. This investment has the potential of a 4.99% Cap Rate. NOTE: No sign on the property. Please DO NOT approach or disturb the tenants! Thank you for your cooperation.

Essential Information

MLS® #C4270560
Price$1,199,000
Bathrooms0.00
Square Footage5,063
Acres0.00
Year Built1968
TypeCommercial
Sub-TypeMulti Family
StatusActive

Community Information

Address128 23 Av Ne
SubdivisionTuxedo Park
CityCalgary
CountyCalgary
ProvinceAlberta
Postal CodeT2E 1V5

Interior

HeatingBaseboard

Exterior

Lot Description

Back Lane, Near Shopping Center, Landscaped, Near Public Transit

Additional Information

ZoningM-C1

Listing Details

OfficeRE/MAX REAL ESTATE (CENTRAL)

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Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.

Listing information last updated on August 12th, 2020 at 5:15pm MDT.

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