About 4537 50 Avenue
Calling All Investors! Don't miss this exceptional opportunity to own a well-maintained & updated 4-plex in a prime location near downtown Cold Lake. Four fully developed 3-bedroom units, this income-generating property is truly rental revenue ready. Each unit comes complete with appliances, in-suite laundry & a private deck with convenient under-deck storage. Recent renovations in three of the units include flooring, paint, kitchens, 4-piece bathrooms, light fixtures & more. Building improvements completed over the past 12 years include windows, sliding patio doors, shingles & vinyl siding. Tenants will appreciate the added convenience of south-side parking accessible from the back alley, along with the property's proximity to Main Street amenities, including shopping, restaurants, banking & everyday services. Rented and generating steady income with a cap rate of nearly 8%, this turnkey investment property is an excellent addition to any portfolio. Take advantage of this profitable opportunity today!
MLS #E4491256 - Active - 4537 50 Avenue in Cold Lake, AB is a 4PLEX with roughly 2,199 sqft located in the subdivision of Cold Lake South. Built in 1977, this 10 bedroom and 4 bathroom residential property has a lot size of acres. This property is currently listed for $719,900. This 4PLEX comes with Forced Air-1, Natural Gas heating. The exterior features include Back Lane, Landscaped, Shopping Nearby. According to statistics, there are currently 174 listings for sale in Cold Lake. The average listing price is $440,606, with the highest listing price being $5,699,900. Enjoy your search for a new home. To request a showing, please contact one of our real estate agents.
Amenities
| Amenities |
Off Street Parking, Deck
|
| Parking |
No Garage, See Remarks
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior
| Appliances |
Dishwasher-Built-In, Dryer, Microwave Hood Fan, Refrigerator, Stove-Electric, Washer
|
| Heating |
Forced Air-1, Natural Gas
|
| Fireplace |
No
|
| Stories |
2
|
| Has Basement |
Yes
|
| Basement |
Full,Fully Finished
|
Exterior
| Exterior Features |
Back Lane, Landscaped, Shopping Nearby
|
| Roof |
Asphalt Shingles
|
| Construction |
Wood, Stucco, Vinyl
|
| Foundation |
Concrete Perimeter
|
Listing Details
| Office | Courtesy Of Natalie C Kelly Of RE/MAX Bonnyville Realty |
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