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$ 249,900
Est. payment /mo
New
5012 54th Avenue High Prairie, AB T0G 1E0
1,840 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1840.0
Square Footage 1,840 sqft
Price per Sqft $135
MLS Listing ID A2327775
Year Built 1960
Property Sub-Type 4 plex
Property Description
Presenting a turnkey,four-unit multifamily investment property ideally suited for investors seeking immediate,stable cash flow. This well-maintained 4-plex,built in 1970,features four spacious 460-square-foot one-bedroom units,offering an efficient and desirable floor plan for tenants. The property's strongest selling point is its impeccable occupancy and tenant stability: it is currently 100% leased,with a proven track record of long-term tenancy that significantly minimizes turnover costs and income disruption. Two of the units (Units 3 and 4) have been reliably rented by the same tenants since 2018,demonstrating both the property's desirability and the area's strong rental demand. Complementing this exceptional stability are the remaining units; Unit 1 has been occupied by a steady tenant for over two years,while Unit 2 rounds out the portfolio with a one-year tenancy. This diversified lease-up history means no short-term vacancies to worry about and no expensive marketing or renovation costs on the immediate horizon. The property's vintage 1970 construction speaks to its solid,durable build,and with all units currently generating consistent rental income,this offering provides an investor with a truly hassle-free acquisition. Whether you are expanding your portfolio or acquiring your first multifamily asset,this 4-plex delivers the rare combination of immediate returns,low risk,and long-term appreciation potential. Schedule your private showing today—a property with this level of tenant stability will not last long on the market.
Location
Province AB
Zoning Residential
Interior
Fireplace No
Appliance Electric Stove, Refrigerator
Exterior
Total Parking Spaces 4
Garage No
Building
Dwelling Type Four Plex
Others
Restrictions None Known
Listed by Grassroots Realty Group - High Prairie