$599,900 FOR SALE

Multiplex Bungalow

Bedrooms: 1Bathrooms: 1Lot: 14.02 x 36.57 m

1423 13 Avenue S
Lethbridge, AB T1K 0R6

This full duplex, with 2 illegal suites, located in the sought-after Agnes Davidson area, is a standout choice for investors seeking high returns and consistent "occupancy record".. The property includes four spacious suites, each offering 2 bedrooms, 1 bathroom, and in-suite laundry. a couple units have been updated for enhanced comfort and appeal.A detached 22x24 garage adds additional income potential, making this property even more attractive for maximizing ROI. Its prime location near schools, shopping, public transportation, parks, and the regional hospital ensures strong rental demand from a diverse pool of tenants. Current Performance: IRR = 8.3%, Cap Rate = 5.6%, Market Potential: EST. IRR = 10.45%, Cap Rate = 7.8%, Proforma details available on request, Virtual tours of each suite are accessible—ask your REALTOR® today!Whether you're a seasoned investor or just expanding your portfolio, this property offers a perfect blend of stability and growth potential. Don't miss out! Your Realtor has access to video tours on the suites, they are a MUST SEE! (id:47423)

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Listed By Lethbridge Real Estate.com
Data Provided By Lethbridge & District Association of REALTORS®
MLS® Listing Number A2181787
Last Updated Dec 07, 2024
Property Summary
Property Type Multiplex

More like this:
Community Agnes Davidson
Price History
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Detailed Information
Bedrooms 1
Bathrooms 1
Lot 14.02 x 36.57 m
Amenities Nearby Schools, Shopping
Features See remarks, Back lane
Listing Contract Date 2024-12-03
Municipal ID 0020660750
Ownership Type Freehold
# of Parking Spaces 4
Plan 838Y
Property Type Multi-family
Structures None
Transaction Type For sale
Zoning Description R-L
Building
Appliances Refrigerator, Range - Electric, See remarks, Washer & Dryer
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 1953
Construction Style (Attachment) Attached
Cooling Type None
Flooring Type Carpeted, Hardwood, Linoleum, Vinyl Plank
Foundation Type Poured Concrete
Heating Type Forced air
Stories Total 1
Total Finished Area 1768 sqft
Rooms
Room Level Dimensions Notes
4pc BathroomMain level.00 Ft x .00 Ft
BedroomMain level1.08 Ft x 1.08 Ft
Parking Spaces
Name Spaces
Detached Garage2
Other
Land
Total Size 5564 square feet
Amenities Schools, Shopping
Fence Type Partially fenced
Size of Irregular Land 5564.00

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