447 Allowance Avenue, Medicine Hat
4 plex for Sale
- MLS®#: A2112558
- Price: $508,000
- Parking: 5
- Status: Active
- Year Built: 1941
Welcome to River Flats, Medicine Hat! This charming 4plex tucked away on a massive lot offers an exceptional opportunity for both investors and residents alike. With ample parking and storage, easy accessibility, and walking distance to the South Sasketwan River, several amenities, and less than an 8-minute drive to all major shopping and amenities, this investment offers a desirable opportunity for you and your tenants! Let's take a closer look at what this property has to offer: Unit 1 - $900.00 (new lease Feb): This cozy unit features 2 bedrooms and 1 bathroom. Recently renovated with new LVP flooring, fresh paint, and updated fixtures, it provides a comfortable living space for its tenants. Unit 2 - $925.00 (new lease June): Boasting 1 bedroom plus a den, this unit offers versatility. While it lacks a second egress window, it compensates with a stylish interior. Recent renovations include a complete overhaul with new floors, paint, kitchen, faux fireplace, bathroom updates, and new appliances, ensuring a modern and inviting atmosphere. Unit 3 - $950.00 (new lease Feb) plus $25.00 in summer for A/C: This 2-bedroom, 1-bathroom unit provides ample space and comfort. Tenants will appreciate the added convenience of an air conditioning unit during the warmer months, available for a nominal fee. Unit 4 - $900.00 (new lease Feb) plus $25.00 in summer for A/C: Similar to Unit 3, this 2-bedroom, 1-bathroom unit offers comfortable living with the option for air conditioning during summer months for a small additional fee. Garage Unit (rented by Unit 4 tenants currently) - $350.00: Complete with a single vehicle spot and workshop area, this spacious garage is a coveted amenity for residents, enhancing both convenience and usability! Along with the 5 Storage units on the exterior of the property there is no shortage of space for each tenant and landlord alike! Coin Laundry: Generate additional income with an on-site coin laundry facility, averaging roughly $100 per month. Utilities: Included in the rent, tenants enjoy the comfort of separate furnaces with individual heating controls for each unit, ensuring personalized comfort. Additionally, a 60-gallon hot water tank services the property. While electrical is not separated, recent utility averages indicate reasonable costs. Recent Renovations: With extensive updates including new windows, New LVP flooring, paint, kitchen upgrades, bathroom renovations, and new appliances across various units, the property boasts a refreshed and contemporary aesthetic, appealing to prospective tenants. Don't miss this opportunity to invest in a well-maintained and updated 4plex in River Flats.. Seeking a profitable investment has never been easier, this property offers the best of both worlds.
Contact Laura Ipsum About MLS® A2112558
Laura Ipsum, 7804256270 at Redman Office Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3
property information
- Property Type: 4 plex
- MLS®#: A2112558
- Year Built: 1941
- Total Floor Area: 2,613 sq.ft
- Restrictions: Lease Restriction
Community Information
- Address: 447 Allowance Avenue
- Neighbourhood: River Flats
- City: Medicine Hat
- Postal Code: T1A3E1
interior
- Included: Storage Sheds x3, Ceiling Fans x2, Appliances in each unit (Fridge & Stove), Garage remote
- Fireplace Details: For Sale
- Basement: Suite, Suite, See Remarks
exterior
- Exterior Finish: Vinyl Siding, Wood Frame
- Construction: Vinyl Siding,Wood Frame
- Roof: Shingle
- Frontage: 15.24M 50`0" metres
services & amenities
- Parking: Garage Faces Front, Gravel Driveway, Heated Garage, Multiple Driveways, Off Street, See Remarks, Single Garage Detached (5 Total Parking Spaces)
- Heating: Forced Air,Natural Gas
- Heating: Forced Air, Natural Gas
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