1610 28 Avenue Sw Calgary, Alberta T2T 1J4
$1,799,000
GREAT INVESTMENT OPPORTUNITY with $100,436 NOI for 9 UNIT (x6 - 1 bedroom, 1 bathroom units and x3 - 2 bedroom, 1 bathroom units plus a previous owner's suite). Primely located in the heart of South Calgary! Massive 1400 square foot plus basement unit built on top of the garage with its own private balcony and garage, that used to be the owner's suite! Roof, Windows and Boiler all RENOVATED within the last 10 years +/-. MC-1 zoning with huge 87.5 x 125 foot lot - amazing opportunity for re-development in the future & great LAND VALUE! 9 Parking stalls + garage for additional monthly revenue stream! Perfect multi-family for holding (cash flow) or renovating/flipping with re-development potential! Opportunities like this rarely come on the market, and in such a PRIME location! Just a quick drive to the trendy Marda Loop community, a 5 minute drive to 17th Avenue, 8 minute drive to Mt. Royal University and within walking distance to multiple green parks, renting units will never be a problem!! Offered at $1,799,000 with a 5.6% CAP rate! (id:20868)
Property Details
| MLS® Number | A2028339 |
| Property Type | Multi-family |
| Community Name | South Calgary |
| Parking Space Total | 11 |
| Plan | 4479p |
Building
| Constructed Date | 1960 |
| Size Exterior | 117219.96 Sqft |
| Size Interior | 117219.96 Sqft |
| Total Finished Area | 117219.96 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Depth | 38.1 M |
| Size Frontage | 26.64 M |
| Size Irregular | 1015.00 |
| Size Total | 1015 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text | 1015 M2|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | M-c1 |
https://www.realtor.ca/real-estate/25324028/1610-28-avenue-sw-calgary-south-calgary
Interested?
Contact us for more information
Amit Aurora
Associate
(403) 287-3876
amitaurora.com
4034 16 Street Sw
Calgary, Alberta T2T 4H4
(403) 287-3880
(403) 287-3876
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March 21 2023 11:11:51
Calgary Real Estate Board
RE/MAX House Of Real Estate