Multi Family Property Sold in Bowness, Calgary at Xxxx Xx Street Nw

Great investment opportunity to own this 8 suite building in Bowness, backing onto a playground and park. The building has been family owned for over 35 years and has been kept in pristine condition. Must see to appreciate pride of ownership as the sellers were selective in their tenants. 6 suites with 2 bedrooms and 2 suites with 1 bedroom. The two bedroom suites are approximately 850 Sqft, and the one bedroom suites are approximately 600 Sqft. The building totals over 7,500 Sqft. The sellers purposely prepared the complex for sale and went to every suite to make sure they are ready for immediate rental. All common areas have been recently painted. The building is ready to rent and there is demand for rental but the seller has been declining so that the new owners will have opportunity to sent new rents. The building currently has 3 tenants. The rent potential for the one bedrooms would be around $1,200 and the rent potential for the two bedrooms is around $1,500. The building has one shared laundry room on the lower level with a coin operated washer and dryer. Another room for storage on the lower level, with potential to put in small lockers for tenant storage. All 8 suites have a bright and open plan with newer appliances. All appliances are in good condition, well maintained and replaced if needed. All units have newer or brand new toilets in good condition. Each unit has a small storage space with potential to have in suite laundry. Upper units have a west facing balcony looking over the park. 8 assigned parking stalls at the back of the building. Secure building with intercom and security cameras. Quiet location, shopping and schools nearby, walking distance to transportation. Must see to appreciate the value of this building. Exceptional value, great opportunity!

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