Prince Albert - 4 Plex - all 3 Bedroom self contained units with separate exterior entrances

[KeithnCalgary]

After 15 years with our JV on this property, it has come time to sell. JV has decided they would like to move on.

2036 15 Ave E Prince Albert

Price $465K (Yield ($4500 x 12)/465000 x 100= 11.6%)

Month rent $4000
Monthly Utility income $ 500
Total Monthly income $4500

Expenses
Gas $235
Energy $205
Water $160
Insurance $573
Tax $532
Property Mngmt $320 (8% of rent only not utility income)(can self-manage if you wish)
Total Expense $2025


A mortgage of $372K at 5.64% with 30 year AM is payment of $2130 per month (Ask me how I can help you obtain your mortgage financing)

Total Expenses with mortgage $4155

All units are 1000 sq feet above ground, 3 bedrooms and 1 bath w/fridge, stove, DW, washer and dryer interior and exterior storage space
Each unit has its own exterior entrance
Each unit has a private balcony
6 electrified parking stalls
Hot water heating
New 75 gallon hot water tank 2020
The ground around the building and parking area all regraded in 2018
All units painted within 12-14 months
Directly across from school in East Hill community makes great family rental