. This attractive 4-plex in Blackfalds is listed at $675, 000 and generates a gross rental income of $57, 600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services at approximately $350 per month (around $4, 200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom on the main floor. Additional annual expenses include property taxes of $5, 656, insurance of $4, 934 (as reported last year), and minimal maintenance costs—about $1, 000 in miscellaneous expenses in 2024. Management fees are set at 8.5% of the gross income, which comes to roughly $4, 896 per year, and the property has enjoyed no vacancies in recent years. With these expenses, the net operating income comes to approximately $36, 914, resulting in a cap rate of roughly 5.5%. Located beside both the Eagle Hockey Area and the Blackfalds Library, this property presents a compelling investment opportunity in a prime location.Show Description MLS® NumberA2192425
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1978
BasementFinished
Driveway
Garage Spaces
Heat
A/C
Heating Fuel
4 Stoves, 4 Fridges, 4 Washers, 4 Dryers, 1 Garden Shed
