$685,000
$699,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
5115 51 ST Provost, AB T0B 3S0
Key Details
Sold Price $685,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Provost
MLS® Listing ID A2067704
Sold Date 08/30/23
Originating Board Lloydminster
Year Built 2013
Annual Tax Amount $8,795
Tax Year 2023
Property Description
Are you searching for an excellent real estate investment that promises steady returns? Look no further than this remarkable 6-unit rental property located in the charming town of Provost. Boasting four 1-bedroom and two 2-bedroom units, all fully furnished with existing leases in place, this property offers an enticing prospect for savvy investors seeking a stable income stream. The top 4 units have central air conditions and all units have granite counter tops. Investors will appreciate the immediate returns this property generates, as all six units come with existing leases firmly in place. This means you can start earning rental income from day one of your ownership. With a history of stable tenancy and competitive rental rates, this investment presents a secure opportunity to add to your portfolio or make an auspicious entry into the real estate market. Notably, every unit is delivered fully furnished, adding value to the property and appealing to tenants looking for a hassle-free move-in experience. From stylish furniture to functional appliances, tenants will feel at home right away, while investors can enjoy a higher rental premium for the furnished units. A standout feature of this rental property is the inclusion of a second lot dedicated solely to parking. Parking can often be a challenge for urban dwellers, but this property eliminates that concern, ensuring a convenient and attractive living option for potential tenants. This additional amenity further enhances the property's appeal, attracting a broader tenant demographic and enhancing its overall value. With a consistent track record of attractive returns, this 6-unit rental property is not just a residence, but a solid investment opportunity. Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer eager to capitalize on the rental market's potential, this property offers a compelling chance to secure your financial future.
Location
Province AB
County Provost No. 52, M.d. Of
Zoning R3
Others
Restrictions None Known
Tax ID 56964531
Ownership Private
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