$1,500,000

For sale

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104 1 Street East, Brooks - Multi-family for Sale

104 1 Street East, Brooks, Alberta, T1R0T2

12 parking6,054 ft²Listed 15 days ago

Overview

367 16 Street East, Brooks, Alberta, T1R1K5

7 bd6 ba3 pk3,064 ft²Lot size 3,600 sq ft

Listed by Century 21 Foothills Real Estate

51 Ingram Park Drive, Brooks, Alberta, T1R0L1

For sale

82 days ago

$625K

51 Ingram Park Drive, Brooks, Alberta, T1R0L1

3,078 ft²

Listed by RE/MAX Main Street Realty

Investment analysis

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$1,500,000

Brooks

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This multi-family property in Brooks is for sale offering roughly 6,054 sq ft of space. It has been on the market 15 days, fresher than the Brooks average of 116 days.

Description

12 unit Multi-Family Apartment FOR SALE! This could be the next profitable asset to add to your investment portfolio or your first endeavor into multifamily ownership. Each unit has 2 bedroom, a fridge and stove. Coin operated washer and dryer in the basement. Detached 368 sqft garage for storage. This building in Brooks, has generated good income. The building has been well cared for over the years. 3 units are currently vacant and being renovated. A projected rent roll over $100K could make this a opportunity. With Vacancy rates extremely low in Brooks you are generating good cashflow out of the gate. (id:66096)

Property Details

MLS®: A2353642
Property Type: Multi-family
Zoning: R-HD
Parking: 12
Interior Size: 6,054 ft²
Year Built: 1970
Storeys: 2
Style: Multi-level
Heating: Baseboard heaters
Ownership: Freehold
Property Tax: $7,365.84/yr
Listed: 15 days ago

Features

Foundation: Block

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Brooks listings, avg age

116d

Price / ft²

$248

List price

$1.50M

Haho

This multi-family in Brooks has been listed for 15 days, which is 101 days fresher than the city average of 116. Act while there is still low competition.

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Listed by ROYAL LEPAGE COMMUNITY REALTY · ROD WILSON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

$1,500,000· $248/ft²

For sale

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Full Cost Breakdown

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Down Payment8.33% · $125,000.00

Min 8.33%50%

Mortgage payment$7,623/mo

↳ CMHC premium ($55,000 capitalized)

Property tax (est.)$614/mo

Total monthly$8,237

Cash Needed to Close

Down payment (8.33%)$125,000

Land transfer tax$0

Est. closing costs$7,000

Total cash needed$132,000

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