Address
2023 22 Avenue # A,B&C, Delburne, AB
Price
$ 209,900
Property Attributes
  • ID#A2132908
  • TypeMulti-Family
  • CityDelburne
  • Postal CodeT0M 0V0
  • StyleTriplex
  • Price$ 209,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1572
  • Lot Size0.068871 Acres
Data Source:
Pillar 9 Technologies
Property Description

Investor Alert: Unique Tri-Plex Generates Strong Rental Income in Delburne! Own a piece of Delburne history and a lucrative investment property! This meticulously maintained tri-plex, originally a church, boasts a prime location in the heart of the village. Spread across three lots with two titles, the property offers exceptional value and abundant space. Perfect for the savvy investor or owner-occupant, this tri-plex features: Three well-maintained suites: Each unit boasts approximately 750 sq ft on the main floor, with a spacious basement suite encompassing most of the lower level (minus mechanical). Live-in potential: Repurpose one suite for yourself and rent out the remaining units for a fantastic mortgage helper. Strong rental income: All three suites are currently occupied, generating a total of $3,200 per month. Solid financial performance: This investment boasts a Net Operating Income (NOI) of $17,098 per year and a desirable cap rate of 8%. Peace of mind ownership: The roof was replaced in 2012, and the mechanical system receives regular servicing for worry-free operation. Ample parking and easy access: Enjoy the convenience of ample on-site parking and effortless accessibility. This unique tri-plex offers a rare opportunity to own a piece of Delburne's heritage while reaping the rewards of a strong rental income. Don't miss out on this exceptional investment! ***Note photos from previous vacancies. ALL units are occupied.

Price History
5/21/2024 Listed $209,900

General Features

Roof Asphalt Shingle
Zoning R2
Unit Number A,B&C
Property SubType Triplex
Transaction Type For Sale
Property Type Multi-Family
Subdivision Name NONE
Parking Total 4
Public Remarks Investor Alert: Unique Tri-Plex Generates Strong Rental Income in Delburne! Own a piece of Delburne history and a lucrative investment property! This meticulously maintained tri-plex,originally a c
Structure Type Triplex

Interior Features

Main Level Areas SquareFeet

Exterior Features

Inclusions N/A
Lot Size Acres 0.07

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in T0M 0V0

Price
AVG $210K
$210K
Visits
AVG 48
48
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1974