655 4 Avenue NE, Calgary, Alberta, T2E 0J9

655 4 Avenue NE, Calgary, Alberta, T2E 0J9

$1,850,000
$1,850,000

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A2333975
MLS Number

0.12
Lot sqft

1973
Year Built

Property Description

Classic Brick-and-Mortar Investment | 7-Suite Concrete Apartment Building. of $$133,500. Positioned in the heart of high-demand Bridgeland, this well-maintained 7-suite concrete building offers a annual turn-key revenue opportunity for the savvy investor. Featuring six spacious 2-bedroom units and one bachelor suite. Every apartment enjoys a private balcony, a secre storage unit and a warm, welcoming layout that attracts and retains long-term tenants. Property Highlights: Convenient Parking: On-site rear surface parking eliminates street parking – no on street parking headaches for residents. Prime Location: Steps from public transit with quick, direct access to downtown Calgary and local amenities. Proactive Capital Upgrades: Capital expenditure risks are minimized thanks to significant recent improvements over the last 8 years: Hallways, common areas, and flooring upgraded (2 years ago) Windows and exterior doors replaced (4 years ago) Roof replaced (5 years ago) Water heater replaced (8 years ago). New Replacement Boiler in Storage, if required. Personally maintained with pride of ownership, this solid concrete asset yields stable cash flow with stable long-term upside. A fantastic turn-key addition to any real estate portfolio. A rock-solid, turn-key investment property ready for long-term equity growth and stable rental yield. Full Proforma available on request.