Courtesy Of Lyle Melanchuk Of 2% Realty Edge AB.

4501 50 Ave, Cold Lake

$538,000

3 Beds
4 Baths
2,214 Sqft
0 Acres
0 Garages

This property is a very good investment. Premium condition and all 4 suites are rented with good tenants. Rent: Each suite is $1250 per month Gross rent is 5000.00 per month ($60,000) per year Utilities: Natural gas $3800.00 Electricity: $6100.00 Water, Sewer, Garbage: is $3625.00 Property Insurance: $3105.00 Taxes: $4551.41 (2019) Total Expenses = $21,117.00 Net operating income is 38,838.00 These figures are based on current rents. This assumes self management Analysis is based on actual prior 12 months Effective Cap rate is 7.1 Documents on file: Real Property Report and Compliance Certificate Each unit boasts approximately 1105 sqft. of living area. ( Inclues lower area.)

Essential Information
MLS® #E4181837
Price$538,000
Bedrooms3
Bathrooms4.00
Full Baths4
Square Footage2,214
Acres0.00
Year Built1978
TypeSingle Family
Sub-Type4PLEX
StyleBi-Level
StatusACTIVE
Community Information
Address4501 50 Ave
AreaCold Lake
SubdivisionCold Lake South
CityCold Lake
CountyALBERTA
StateAB
Zip CodeT9M 1Y7
Amenities
FeaturesDeck, Detectors Smoke
Parking Spaces8
Parking

Off Street, On Street, See Remarks

Interior
HeatingForced Air-1
# of Stories2
Has BasementYes
BasementFull, Fully Finished
Interior

Ceramic Tile, Laminate Flooring, Vinyl Plank

Interior Features

Dryer, Refrigerator, Stove-Electric, Washer

Exterior
ExteriorStucco
RoofAsphalt Shingles
ConstructionWood Frame
FoundationConcrete
Exterior Features

Back Lane, Corner, Flat Site, Not Fenced, Schools, Shopping Nearby

Additional Information
Date ListedDecember 6th, 2019
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Listing information last updated on June 2nd, 2020 at 9:01pm MDT.