$389,900

Investment For Sale In North Flats, Medicine Hat, Alberta

$389,900

Property Information:

Discover a remarkable investment opportunity that is sure to enhance your portfolio! This tri-plex presents an excellent chance for generating consistent monthly income, as all three units are currently leased. The main floor suite boasts a large open kitchen and dinning area, bright living room, three generously sized bedrooms and a modern 5-piece bathroom featuring double sinks, complete with convenient in-unit laundry facilities. Beneath this space, the lower level accommodates two additional suites. Unit 2 has one bedroom and one bathroom & Unit 3 is a bachelor suite. These units share a common laundry area. Seperate enterances for the main floor tenants and basment tenants The property also includes a large double detached garage (currently being rented for $300/mon.), supplemented by a driveway that provides ample parking for residents. Tenants will appreciate the outdoor space, which consist of a partial wrap-around deck and inviting patio pads, creating the perfect setting for relaxation. The landscaped and fenced yard adds to the appeal, making this tri-plex a desirable living space for all. Recent Updates include: Exterior paint, flooring and interior paint in unit 1, HE Furnace, some basement windows (2024). Don't miss out on this fantastic investment opportunity! Current rent: Unit 1 - $1,600/month, Unit 2 - $950/month, Unit 3 - $600/month

Inclusions: Unit 1 - fridge, stove, hood fan, washer & dryer, ceiling fans, wall a/c. Unit 2 - fridge & stove. Unit 3 - fridge & stove. Garage door opener + 2 controls.

Building Features:

  • Air Conditioning: Yes
  • Total Finished Area: 1523.00

Property Features:

  • Architectural Style: Bungalow
  • Built in: 1946
  • Construction Materials: Stucco, Vinyl Siding, Wood Siding
  • Cooling: Wall Unit(s)
  • Floor Space (approx): 1523.00 Square Feet
  • Flooring: Laminate, Linoleum
  • Heating: Forced Air, Natural Gas
  • Interior Features: Built-in Features, Ceiling Fan(s), See Remarks
  • Parking Features: Double Garage Detached, Driveway, Off Street, RV Access/Parking
  • Roof: Asphalt Shingle
  • Zoning: R-LD

Courtesy of: Royal LePage Community Realty

Data provided by: Medicine Hat Real Estate Board Co-operative Ltd. 403 4th St. SE, Medicine Hat, Alberta T1A 0K5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved