$1,800,000

Exceptional opportunity to acquire a well-maintained 8-unit apartment building in a desirable inner-city location. Built in 1970, this income-producing property features an attractive unit mix consisting of seven 2-bedroom units and one 1-bedroom unit.. The building has benefited from significant capital improvements, including an updated boiler system in 2018 and two hot water-on-demand systems installed in 2022, helping to enhance operational efficiency and reduce future maintenance costs. Tenants enjoy the convenience of seven rear parking stalls, in this central location. Ideally situated close to downtown, public transit, shopping, schools, parks, and major employment hubs, this turnkey multifamily asset offers investors stable cash flow, strong tenant appeal, and long-term appreciation potential. Whether you're looking to expand your portfolio or secure a quality income-producing property, this 8-plex presents an outstanding investment opportunity in one of Calgary's established rental markets. (id:64343)

Property Details

MLS® Number	A2314434
Property Type	Multi-family
Community Name	Bridgeland/Riverside
Plan	1964p

Building

Constructed Date	1970
Size Exterior	7981 Sqft
Size Interior	7,981 Sqft
Total Finished Area	7981 Sqft
Type	Multi-family

Land

Acreage	No
Size Depth	33.86 M
Size Frontage	15.28 M
Size Irregular	516.00
Size Total	516 M2|4,051 - 7,250 Sqft
Size Total Text	516 M2|4,051 - 7,250 Sqft
Zoning Description	Mu-2 F3.0h16

https://www.realtor.ca/real-estate/29836909/211-6-street-ne-calgary-bridgelandriverside