Courtesy Of Robert Vanovermeire Of COLDWELL BANKER MOUNTAIN CENTRAL

501 Arena Avenue, Trochu

$975,000

0 Baths
5,920 Sqft
0 Acres

This is one of the best investment opportunities you'll find for the price range. This property is only a short drive from Airdrie which makes this investment even better. There are a total of 8 bungalow style attached homes walking distance to downtown Trochu. All of the bungalows have been well maintained so you won't need to put any more money into the property anytime soon, just collect the rent. The rental rates are excellent for the area but if you want to increase the rents you could add value by finishing some of the basements and/or make a few upgrades. The tenants are great and every unit is leased out. The current owner has never had any issues finding tenants so vacancy rates are quite low. The lot is massive allowing a parking stall for each unit and the landscaping maintenance is also super easy and cost effective. A big bonus is that each unit has a separate title allowing you to sell some of the units if you wish and keep a few for yourself, live in one, or sell each one individually. The cap rates are fantastic with this price making this investment even more attractive. (id:36535)

Essential Information
Listing #A1167402
Price$975,000
Bathrooms0.00
Square Footage5,920
Acres0.00
Year Built1997
TypeMulti-family
Community Information
Address501 Arena Avenue
CityTrochu
ProvinceAlberta
Postal CodeT0M2C0
Listing Details
Office

Courtesy Of Robert Vanovermeire Of COLDWELL BANKER MOUNTAIN CENTRAL

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