224 7A Street NE

224 7A Street NE, Calgary

$1,200,000

1,988 Square Feet
ATTENTION INVESTORS | FULLY RENTED | EXCELLENT REVENUE GENERATING INNER CITY 4 PLEX | AIRBNB PROFORMA- UPPER SUITES: $155 PER NIGHT & BACK SUITES: $145 PER NIGHT = $9000 PER MONTH ($108,000 PER YEAR) AT 50% OCCUPANCY | 4 SUITES | FULLY RENTED CURRENTLY FOR $61,200 PER YEAR (TENANTS PAY UTILITIES) | CLOSE TO DOWNTOWN & EASY ACCESS TO TRANSIT | This This multi-use offering fourplex is located in one of Calgary’s most sought after inner city communities, Bridgeland, in the heart & centre of Calgary. Resting amongst some of the city’s most prestigious communities such as Crescent Heights, Mount Pleasant, and Rosedale. This opportunity is on a fantastic, quiet residential street with a short walk to public transit, 10 minutes to the Downtown Core, blocks from the iconic Peter’s Drive in, Golfing, Bridgeland Shopping and quick access to Deerfoot Trail, 16th Avenue and Edmonton Trail providing connectivity to all quadrants of the City. All 4 suites each have open floor plans with 2 bedrooms, have private entrances and there is a laundry area (washer & dryer), These suites could be rented out or leased out for either a short time like Airbnb or a full time rental. Currently the asset contributes $60,000 a year but rents could have the potential to be increased to market level. It is very nicely located for both rental income as well as Airbnb. Call to know more about all the opportunities this property has to offer!
  • Listing ID: A2077957
  • Property Type: Multi-Family
  • Year Built: 1970
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Listing provided courtesy of RE/MAX HOUSE OF REAL ESTATE

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    This property for sale at 224 7A Street NE in Calgary was last modified on September 23rd, 2023. Contact Vanessa Pitman today and schedule a viewing or subscribe to real estate for sale in Calgary.

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