7717 &7719 41 Avenue NW Calgary AB T3B 1X7 MLS #A1169134

What an excellent opportunity to own revenue generated 4-plex in Bowness! Legally One Title with 4 units.
Wonderful chance to hold and bring in supplemental income with long-term tenants until development plans are completed.
MC-1 Zoning allows you to develop 3-4 story apartment or townhouse buildings.
This well-maintained property consists of 2 upper units (3 Bedrooms) with balconies and 2 lower units (2 Bedrooms) overlooking the park across the street. All units are separately metered, parking in the rear, 3 units with in-suite laundry, and the roof was redone in 2012. The left upper-level unit #7717 (vacant) features a fully renovated kitchen with tile floor, new appliances, new windows, luxury vinyl plank flooring through 3bedrooms & living room. The right upper-level #7719 ( tenant occupied): All windows have been replaced, newly painted, laminated flooring, the tenant pays $1,300 per month including all utilities. Right Lower level unit: 950 sf, long-term tenant pays $900 per month including all utilities. However, you can increase your rent a bit more to generate additional cash flow. When all of the units are rented out, it used to have a cash flow of approximately $4,600/month. It is within walking distance to a local grocery store, gas station, local strip mall, transportation, and minutes to Bowness high school, & Bowness Park. Please note that there are big commercial developments going on nearby the property area.