3620 21 Avenue SW|Calgary, Alberta t3e0h6

MLS Number: A2259156

Property Details: • Type: Multi-family • Ownership Type: Freehold • Bedrooms: N/A • Bathrooms: N/A • Building Type: Multi-Family • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: N/A • Parking Spaces: N/A

Description: Updated Inner-City Income Property with 6% Cap Rate and Strong Rental DemandThis is an excellent opportunity to own an updated suited duplex on a 50’ x 120’ corner lot in the highly desirable community of Killarney. The property has received many recent updates including modernized kitchens and bathrooms, making it a low-maintenance and easy-to-rent investment in a prime location. Each side offers two bedrooms on the main floor and two in the basement, with an attached double garage, an additional parking pad, and plenty of street parking. The home’s south-facing front exposure ensures bright, sunny living spaces that tenants love.Currently generating gross rents of \$7,605 per month (\$91,260 annually), the property carries annual expenses of approximately \$6,312 for property tax and \$3,816 for insurance, resulting in a net operating income of roughly \$81,132 per year. Based on the list price of $1,350,000, this equates to an approximate cap rate of 6.0%. With strong rental income already in place and excellent long-term potential, this property offers investors immediate returns in one of Calgary’s most sought-after inner-city neighborhoods.Investment Appeal. Live in one unit and rent the other. Hold as a cash-flowing rental property and hold for future Redevelop for future Townhomes. (31170766)

Agent Information: • Agents: Brandon D. Harris • Contact: 403-921-5000; 000-000-0000 • Brokerage: Boutique Real Estate Group Inc.

Time on Realtor: 15 min ago