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10602 103 Street, Grande Prairie
2024-09-13
Quick Summary
- Location
- 10602 103 Street, Grande Prairie, Alberta T8V4B8
- Price
- $640,000
- Status:
- For Sale
- Property Type:
- Multi-family
- Area:
- 1920ft2
- Year of Construction:
- 1974
MLS®#A2164562
Property Description
Step into a prime investment opportunity with this versatile fourplex, ideal for both new and seasoned real estate investors looking to expand their portfolios. This property offers immediate rental income and positions you in a thriving market in Grande Prairie, Alberta. Each unit in this bright and inviting fourplex is ready to deliver returns! The lower unit at 10302-106 Ave features 2 bedrooms and is leased at $1,145 per month. The upper unit at 10304-106 Ave, also with 2 bedrooms, commands $1,345 per month. On the other side, the lower unit at 10602-103 St provides 1 bedroom at $1,145 per month, while the upper unit at 10604-103 St, with 2 bedrooms, is available for $1,245 per month. With a total monthly rental income of $4,880, this property offers a strong annual rental income of approximately $58,560. This translates to a potential gross rental yield of around 9.2%, making it an attractive investment. The separate services for each unit and ample parking contribute to hassle free management, ensuring steady income. Strategically located just a 5 minute drive from Northwestern Polytechnic and the local hospital, this fourplex provides tenants with easy access to essential amenities. Additionally, it faces Muskoseepi Park, offering beautiful views and access to serene walking trails, enhancing its appeal to renters. This is more than just a property—it’s a smart investment with immediate cash flow and promising growth potential. Don’t miss out on this opportunity to enhance your investment portfolio. Call your REALTOR® today to schedule a showing and discover how this fourplex can become a key asset in your real estate strategy!Please note: The pictures shown are from 2020, taken before the current tenants moved in. (id:32467)
Property Features
Building
- Cooling Type: None
- Exterior Finish: Vinyl siding
- Fireplace: No
- Interior Size: 1920 sqft
- Building Type: Multi-Family
- Utility Water: Private Utility
Land
- Land Size: Unknown
- Sewer: Municipal sewage system
Ownership
- Type: Freehold
Structure
- Structure: None
Zoning
- Description: RT
Information entered by RE/MAX Grande Prairie
Listing information last updated on: 2024-09-16 19:51:54
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for properties under $700,000. For properties over $700,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. It is as simple as that.
Yes, and yes.
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