11938 80 ST NW
11938 80 ST NW
Active
$599,900
Description
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. (id:59938)
Additional Details
- LOT SIZE AREA: 7477
- LOT SIZE DIMENSIONS: 7477
- LOT SIZE UNITS: square feet
- ORIGINAL ENTRY TIMESTAMP: 2024-04-30T16:46:13.52Z
- MODIFICATION TIMESTAMP: 2024-10-07T19:00:21.56Z
- LIST PRICE: 599900
- YEAR BUILT: 1991
- LIVING AREA: 4284
- LIVING AREA UNITS: square feet
- PARKING TOTAL: 5
- PARCEL NUMBER: 4832002
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Features
Property on Map
Mortgage Calculator
30 Years Fixed, 3.5% Interest
- Principle and Interest
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