Calgary Real Estate Agency
105 First Avenue E Cochrane, Alberta T4C 1Z5
$1,899,000
9 units plus detached double garage all on one title. 4 x two bedrooms, 5 x one bedrooms. Gross Revenue $150,000. NOI $105,000, CAP 5.44%. Gross rent will be $155k by the end of 2023 with renewing leases. Cochrane is growing at an astonishing rate! Home values and rents are keeping pace with Calgary making investment rental properties very attractive. This fully renovated building is just walking distance to down town Cochrane. Groceries, coffee shops, pubs and restaurants all just blocks away. There are 8 surface stalls and room to make more if you ever required. Boiler is well maintained and flat roof is in good condition. Brick exterior is in excellent condition and property shows 10/10. (id:41531)
Property Details
| MLS® Number | A2045943 |
| Property Type | Multi-family |
| Community Name | East End |
| Plan | 2439jk |
Building
| Constructed Date | 1973 |
| Fireplace Present | No |
| Size Exterior | 7500 Sqft |
| Size Interior | 7500 Sqft |
| Total Finished Area | 7500 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 798.97 |
| Size Total | 798.97 M2|7,251 - 10,889 Sqft |
| Size Total Text | 798.97 M2|7,251 - 10,889 Sqft |
| Zoning Description | R-3 |
https://www.realtor.ca/real-estate/25565233/105-first-avenue-e-cochrane-east-end
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Calgary Real Estate Board
Cir Realty
May 31 2023 06:01:12
