51.02886 -114.09786

1610 28 Avenue SW Calgary, AB T2T 1J4

Derek Little
Derek Little
Associate
4034 - 16th Street SW Calgary AB T2T 4H4
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280922059 51.02886 -114.09786 806 /listing/280922059-150112679/1610-28-avenue-sw-calgary-ab-t2t-1j4 False 0 1799000.0 105 A1025880 True
  • $1,799,000
  • 1610 28 Avenue SW Calgary, AB T2T 1J4
  • 10,925 lot

Property & Neighborhood Info

Courtesy Of RE/MAX HOUSE OF REAL ESTATE

Multi-Family in Calgary

5% CAP RATE IN THIS MARKET! SELLER WOULD ENTERTAIN UP TO A 10% VENDOR TAKE BACK. Potential to bump up rents - THIS PROPERTY GENERATES $9630.00/month!! 9 units(6-1beds and 3-2beds) with a massive 1400 square foot unit that used to be the owner's suite. Roof, Windows and Boiler all renovated within the last 8 years. Also great opportunity for redevelopment down the road as it sits on a whopping 87.5 x 125 foot lot with a MC-1 zoning. 9 Parking stalls plus a garage for additional revenue. Opportunities like this rarely come on the market - great cash flow for holding or renovate/flip/bump up cash flow and potential re development. Please see below for breakdown of expenses: $760/month - property taxes $404.37/month - insurance (probably can be lowered, current owner probably paying double what he should) $900/month - main area utilities/Enmax $160/month - waste disposal Total NOI: $7,405.63/month or $88,867.56 Annually

Courtesy Of RE/MAX HOUSE OF REAL ESTATE
  1. 10,925 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1960
  • County: Calgary
  • Subdivision: South Calgary
  • MLS® Number:A1025880

Additional Features

  • Subdivision Name:
    • South Calgary
  • Garageyn:
    • N
  • Possession:
    • Negotiable
    • Other/See Remarks
  • Restrictions:
    • None Known
  • Documents Available:
    • Call Lister
  • Property Type:
    • Commercial
  • County Or Parish:
    • Calgary
  • Bathrooms Total Integer:
    • 0
  • Structure Type:
    • Low Rise (2-4 stories)
  • Zoning:
    • M-C1
  • Property Subtype:
    • Multi Family
  • Inclusions:
    • ALL APPLIANCES OWNED BY SELLER
  • Listing Contract Date:
    • 2020-08-20
  • Listing Key:
    • 58654546
  • Lot Size Acres:
    • 0.25
  • Lot Size Square Feet:
    • 10925
  • Parking Total:
    • 11
Neighborhood info courtesy of Homes.com © 2020