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403.472.3009
CHRIS.MCANDREW@CENTURY21.CA
Century 21 Elevate Office: 30 Springborough Blvd SW, Suite 250, Calgary, AB T3H0N9
447 Allowance Avenue Se Medicine Hat, Alberta T1A 3E1
$499,900
Welcome to River Flats in Medicine Hat! This exceptional bungalow-style fourplex is a fantastic investment opportunity. With three spacious 2-bedroom, 1-bathroom units and a 1-bedroom plus den, 1-bathroom unit, this property offers versatility and attractive rental potential. Upon arrival, you'll appreciate the convenience of a parking pad for four vehicles, ensuring ample space for residents and their guests. Additionally, there is a double detached garage that can be rented out separately, providing even more income potential. Step inside each unit to discover the delightful living spaces. The entire property boasts vinyl plank flooring, offering a modern and low-maintenance aesthetic. The three renovated bathrooms add a touch of contemporary elegance, while the rest of the units provide a clean and comfortable atmosphere. 60-gallon hot water tank installed in 2021. For added convenience, there is coin-operated laundry available, allowing tenants to easily take care of their laundry needs. This additional amenity generates additional income per month. One of the most compelling features of this fourplex is its consistent track record of 100% occupancy over the past six years. With a cap rate of 5.69%, this property offers an attractive return on investment, making it a smart choice for seasoned investors and first-time buyers alike. Located in the desirable River Flats neighborhood of Medicine Hat, this fourplex benefits from its proximity to local amenities, schools, parks, and transportation options. The area's vibrant community and strong rental demand further solidify this property as an outstanding investment opportunity. Don't miss out on this exceptional fourplex in River Flats! (id:48042)
Property Details
| MLS® Number | A2066946 |
| Property Type | Multi-family |
| Community Name | River Flats |
| Parking Space Total | 4 |
| Plan | 23593 |
Building
| Appliances | Washer, Refrigerator, Stove, Dryer, Hood Fan, Window Coverings |
| Architectural Style | Bungalow |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1941 |
| Construction Material | Wood Frame |
| Exterior Finish | Vinyl Siding |
| Flooring Type | Carpeted, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Stories Total | 1 |
| Size Interior | 1435 Sqft |
| Total Finished Area | 1435 Sqft |
| Type | Multi-family |
Parking
| Detached Garage | 2 |
| Parking Pad |
Land
| Acreage | No |
| Size Depth | 45.72 M |
| Size Frontage | 15.24 M |
| Size Total Text | Unknown |
| Zoning Description | R-ld |
https://www.realtor.ca/real-estate/25861911/447-allowance-avenue-se-medicine-hat-river-flats
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November 26 2023 03:35:13
Calgary Real Estate Board
Century 21 Bravo Realty