1423 13 Avenue S Lethbridge, Alberta T1K 0R6
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$599,900
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! (id:48985)
Property Details
| MLS® Number | A2181787 |
| Property Type | Multi-family |
| Community Name | Agnes Davidson |
| Amenities Near By | Schools, Shopping |
| Features | See Remarks, Back Lane |
| Parking Space Total | 4 |
| Plan | 838y |
| Structure | None |
Building
| Bathroom Total | 1 |
| Bedrooms Above Ground | 1 |
| Bedrooms Total | 1 |
| 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 |
| Size Interior | 1768 Sqft |
| Total Finished Area | 1768 Sqft |
Parking
| Detached Garage | 2 |
| Other |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Schools, Shopping |
| Size Depth | 36.57 M |
| Size Frontage | 14.02 M |
| Size Irregular | 5564.00 |
| Size Total | 5564 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 5564 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R-l |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | 4pc Bathroom | .00 Ft x .00 Ft | ||
| Main Level | Bedroom | 1.08 Ft x 1.08 Ft |
https://www.realtor.ca/real-estate/27704251/1423-13-avenue-s-lethbridge-agnes-davidson
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December 03 2024 04:37:55
Lethbridge & District Association of REALTORS®
Lethbridge Real Estate.com