4908 54 AVE, High Prairie, AB T0G 1E0
4908 54 AVE, High Prairie, AB T0G 1E0
4908 54 AVE, High Prairie, AB T0G 1E0
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$599,900
Est. payment /mo
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1,779 SqFt
Active

4908 54 AVE High Prairie, AB T0G 1E0

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Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1779.38

Square Footage 1,779 sqft

Price per Sqft $337

MLS Listing ID A2287491

Style Attached-Up/Down,Bi-Level

HOA Y/N No

Year Built 1993

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type 4 plex

Property Description

Investor ALERT in High Prairie!! Featuring an INCREDIBLE 11.3% Cap Rate + STRONG Cash Flow + SOLID UPGRADES throughout!!
This WELL-MAINTAINED Bi-level 4-Plex sits on a LARGE 6,092 Sq Ft lot and offers 3,558 Sq Ft of Total Developed LIVING SPACE. Designed for CONSISTENT Rental Demand and EASE of Management,this TURN-KEY opportunity delivers both excellent upside and LONG-TERM stability.
The property features 4 RENTED units generating a total MONTHLY INCOME of $4,825. The 2 top-floor units each offer 756 Sq Ft,while the 2 lower units each provide 646 Sq Ft — a FUNCITONAL layout that supports STRONG OCCUPANCY and STEADY CASH FLOW!!!
This property has had LOTS OF WORK put into it - w/SIGNIFICANT Updates + MAJOR Improvements already completed,making it a STRONG,LOW-MAINTENANCE investment opportunity!!! Shingles Replaced 2013,NEWER VINYL FLOORING + Tiled flooring throughout,NEWER Windows + Doors,NEWER Vanities,+ EXTERIOR IMPROVEMENTS booked for April!!
MAJOR MECHANICAL UPDATES for peace of mind: FURNACES (15 and 4 Years Old) + Hot Water Tanks (2022 + 2023) + New Board (2024)
APPLIANCE UPDATES: Stoves (2018 +2025),Fridges (2016 + 2019 + 2024).
STRONG INCOME. BIG LOT. IMPRESSIVE RETURNS.
Add this CASH-FLOWING asset to your portfolio TODAY!!

Location

Province AB

Community Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Zoning R3

Rooms

Basement None, Full, Finished

Interior

Interior Features Ceiling Fan(s), Laminate Counters, Soaking Tub, Vinyl Windows

Heating Forced Air, Natural Gas

Cooling None

Flooring Laminate, Tile, Vinyl Plank

Inclusions 4 Electric Stoves, 4 Refrigerators, 4 Hood Fans, 1 Ceiling Fan, 2 Washers, 2 Dryers

Furnishings Unfurnished

Fireplace Yes

Appliance Dryer, Electric Stove, Range Hood, Refrigerator, Washer

Laundry Common Area, Electric Dryer Hookup, In Hall, Multiple Locations, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Parking Features Alley Access, Common, Off Street, On Street, Outside, Parking Lot, Unpaved

Fence None

Community Features Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights

Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Roof Type Asphalt Shingle

Porch Rear Porch

Total Parking Spaces 8

Garage No

Building

Lot Description Back Lane, Few Trees, Front Yard, Lawn, Level, Low Maintenance Landscape, Near Shopping Center, Rectangular Lot

Dwelling Type Four Plex

Story Bi-Level

Foundation Poured Concrete

Architectural Style Attached-Up/Down, Bi-Level

Level or Stories Bi-Level

Others

Restrictions None Known


Listed by RE/MAX House of Real Estate

NEARBY SCHOOL & BUSINESS

Caroline Bereznicki
Caroline Bereznicki

Agent | License ID: 397211

+1(587) 437-7573 | caroline@carolinebereznicki.com

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4908 54 AVE