5316 Lansdown Avenue Blackfalds, Alberta T0M 0J0
$675,000
. This attractive 4-plex in Blackfalds is listed at $675,000 and generates a gross rental income of $57,600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services at approximately $350 per month (around $4,200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom on the main floor. Additional annual expenses include property taxes of $5,656, insurance of $4,934 (as reported last year), and minimal maintenance costs—about $1,000 in miscellaneous expenses in 2024. Management fees are set at 8.5% of the gross income, which comes to roughly $4,896 per year, and the property has enjoyed no vacancies in recent years. With these expenses, the net operating income comes to approximately $36,914, resulting in a cap rate of roughly 5.5%. Located beside both the Eagle Hockey Area and the Blackfalds Library, this property presents a compelling investment opportunity in a prime location. (id:57810)
Property Details
| MLS® Number | A2192425 |
| Property Type | Multi-family |
| Community Name | Blackfalds - Other |
| Parking Space Total | 4 |
| Plan | 7721734 |
Building
| Architectural Style | Bi-level |
| Constructed Date | 1978 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,234 Ft2 |
| Total Finished Area | 2234 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Total Text | Unknown |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/27884386/5316-lansdown-avenue-blackfalds-blackfalds-other
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February 07 2025 11:10:28
Central Alberta REALTORS® Association
Maxwell Real Estate Solutions Ltd.
