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Description
Add this maintenance free, cash flowing property with an excellent tenant already in place to your portfolio! Offering an 8% cap, the current tenant is paying $1700/mo and is in a lease until August 2026. Or buy now, collect your cash flow, protect yourself against further price increases, and move in to this great unit when the lease expires. This 2 bedroom, 2 bathroom, top floor suite offers a bright and open layout including a spacious dining area and u-shaped kitchen with clean white cabinetry and an eating bar that overlooks the living room. The living room is generously sized and leads to sliding patio doors to a private west facing covered balcony where BBQs are permitted. The primary suite includes a walk through closet and a full 4 piece ensuite, while the second bedroom is situated on the other side of the home near its own full 4 piece bathroom, great for roommates, guests, or kids. Additional features include in suite laundry with extra storage space and two assigned exterior parking stalls. Condo fees of $426.26 per month include electricity, heat, water, sewer, snow removal, exterior and common area maintenance, and professional management, making this a true hands off investment. Located steps from schools, playgrounds, trails, and everyday amenities, this income generating condo is the perfect addition to your real estate portfolio.
Property details
- MLS® #
- A2224750
- Property Type:
- Residential
- Subtype:
- Apartment
- Subdivision:
- Inglewood West
- Price
- $247,000
- Sale/Lease:
- For Sale
- Size:
- 844 sq.ft.
- Bedrooms:
- 2
- Bathrooms:
- 2
- Year Built:
- 2004 (21 years old)
- Structure Type:
- Low Rise (2-4 stories)
- Building Style:
- Apartment-Single Level Unit
- Garage:
- No
- Parking:
- Assigned, Off Street, Stall
- Fence:
- Basement:
- No
- Features:
- Ceiling Fan(s), Closet Organizers, Laminate Counters, Storage, Track Lighting, Walk-In Closet(s)
- Inclusions:
- N/A
- Appliances:
- Dishwasher, Range Hood, Refrigerator, Stove(s), Washer/Dryer, Window Coverings
- Laundry:
- In Unit
- Exterior Features:
- BBQ gas line
- Patio/Porch Features:
- Balcony(s)
- Nearby Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Condo Type:
- Conventional Condo
- Condo Amenities:
- Elevator(s), Snow Removal, Trash, Visitor Parking
- Condo Fee:
- $426
- Condo Fee Includes:
- Common Area Maintenance, Electricity, Heat, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
- Pets Allowed:
- Yes
- Zoning:
- R-H
- Roof:
- Asphalt Shingle
- Exterior:
- Concrete,Stone,Stucco,Vinyl Siding,Wood Frame
- Floors:
- Carpet, Linoleum
- Heating:
- Baseboard, Natural Gas
- Cooling:
- None
- Amenities:
- Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
- Possession:
- Immediate
- Days on Market:
- 50
Basic Info
Building Info
Neighborhood Info
Condo/Association Info
Lot / Land Info
Materials & Systems
Listing Info
Listing office: RE/MAX real estate central alberta
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