Courtesy Of Heather Malin Of RE/MAX Vision Realty

5065 44 Street, Drayton Valley, AB

$495,000

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2

Beds

1

Bath

1,978

Square feet

About 5065 44 Street

This side x side duplex is in excellent condition. Upstairs are two units with legal basement suites that have their own exit. Each unit has 2 bedrooms, 1 bathroom, storage unit & their own laundry facilities. Upstairs is heated with furnace and down stairs has the underfloor heat. The suites are 984 sq.ft. with basements being 925 sq.ft. All have large master bedrooms that can accommodate a king bed. The rear parking stalls allows for one spot per tenant. Each unit has its own power and gas. Water & sewer is shared. Each unit has 5 appliances and window coverings. Great long term tenants. Gross Revenue for 2020 is $47,035, & expenses are $13,014 (this also includes taxes & insurance for building). Net operating income is $31,011 giving you a cap rate over 6%. If you are looking for other investment there is a 2001 4 plex with separate titles at $575,000 (MLS E4198805). All buildings have been well maintained. Shingles were done 2 years ago.

Features of 5065 44 Street

MLS® # E4198826
Price $495,000
Bedrooms 2
Bathrooms 1.00
Full Baths 1
Square Footage 1,978
Acres 0.00
Year Built 2003
Type Single Family
Sub-Type Duplex Side By Side
Style Bungalow
Status ACTIVE

Community Information

Address 5065 44 Street
Area Drayton Valley
Subdivision Drayton Valley
City Drayton Valley
County ALBERTA
State AB
Zip Code T7A 1B7

Amenities

Features Exterior Walls- 2x6', Laundry-In-Suite, Storage-In-Suite, Vinyl Windows
Parking On Street, Rear Drive Access
Is Waterfront No
Has Pool No

Interior

Interior Carpet, Linoleum
Interior Features Dishwasher-Built-In, Dryer, Hood Fan, Refrigerator, Stove-Electric, Washer
Heating Forced Air-1
Fireplace No
# of Stories 2
Has Basement Yes
Basement Full, Fully Finished

Exterior

Exterior Vinyl
Exterior Features Playground Nearby, Schools, Shopping Nearby
Roof Asphalt Shingles
Construction Wood Frame
Foundation Concrete

Additional Information

Date Listed May 23rd, 2020
Zoning R2 - General Resid.
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Heather Malin Of RE/MAX Vision Realty

Listing Map

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