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Detailed Information
- Style: West Edmonton 4Plex
- Size: 1397 SqFt
- Price: $449,000
- Bedrooms: 1+1+1+1
- Bathrooms: 4
- Parking: Parking Pad
Detailed Information
- Address: West Edmonton
- City: Edmonton, AB Canada
- Phone No.: 1-888-780-5940
- Year Constructed: 1962
- Area: west end
- Appliances: 12
- Reserve Fund: N/A
- Condo Maintenance: N/A
- Foundation: Concrete
- Construction: wood frame
- Roof: asphalt shingles
- Approximate Closing Costs: $109,750
- Down Payment: $89,800
- Legal: $1,600
- Inspection: $1,250
- Property Insurance: $1,500
- Immediate Repairs and Supplies: $15,000
- Staying Power Fund: $12,800
- NCF: N/A
- Total Cost To Close: $109,750
- Purchase Date: May 1, 2015
- Current Date: April 1, 2015
- Current Value: $449,000
- Investor's ROI: 56% or 11% per annum
- Investor's Profit (estimated): $60,697
- Other: This property produces 11% per annum at an conservative 3% appreciation per year.
Edmonton is a top city in Alberta to invest in and will lead Canadian economies. Invest in properties that cash flow every month and get money going into your pockets not coming out of them.
Remarks: Your property produces $321 per month in positive cash flow at present mortgage terms. That's $19,297 over 5 years.
Your investment includes: financial analysis, professional inspection, insurance, legal fees, basic accounting, reserve fund, CMA, down-payment, bi-annual statements, strategic market timing to ensure successful entry and exit.
Additional Info: This property cash flows and is at a great price is well located and will be a beautiful rental after our renovations.
This legal 4plex produces $3200/month and will be tenanted with equity building tenants.