AB > Grande Prairie > Avondale
Grande Prairie, AB T8V 4B8,10602 103 ST
Grande Prairie, AB T8V 4B8,10602 103 ST
Grande Prairie, AB T8V 4B8,10602 103 ST
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Ahmed Arshad

Ahmed Arshad

RE/MAX iREALTY INNOVATIONS

+1(403) 399-2170
$640,000
Est. payment /mo
1,920 SqFt
Save

UPDATED:

09/16/2024 08:45 PM

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Square Footage 1,920 sqft

Price per Sqft $333

Subdivision Avondale

MLS® Listing ID A2164562

Originating Board Grande Prairie

Year Built 1974

Annual Tax Amount $5,701

Tax Year 2024

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.

Location

Province AB

County Grande Prairie

Zoning RT

Interior

Heating Boiler, Forced Air

Cooling None

Inclusions 4 fridges, 4 ranges, 4 washers, 4 dryers, 2 dishwashers

Exterior

Garage Parking Pad

Garage Description Parking Pad

Utilities Available Electricity Connected, Natural Gas Connected, Garbage Collection, Sewer Connected, Water Connected

Roof Type Asphalt Shingle

Parking Type Parking Pad

Total Parking Spaces 4

Building

Foundation Poured Concrete

Sewer Public Sewer

Water Private

Structure Type Vinyl Siding

Others

Restrictions None Known

Tax ID 91952216

Ownership Private

Read Less Info
Listed by RE/MAX Grande Prairie

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 25 years will add up to $0.
Get more info from a local expert!
Full Name
Phone

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

QUICK SEARCH
QUICK SEARCH2
Filters Reset
1 Filter
Price
Sold Date
Days Sold
Kitchens
Save Snapshot
View Results

MARKET SNAPSHOT

(OCT 09, 2024 - NOV 08, 2024)

?
Sold Listings
?
Average Sales Price
?
Average Days on Market

How much is your home worth?

Get a FREE instant home value estimate and request an ongoing home value report.

Enter your home address*
Full Name
Email*
Phone*

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Why Choose Us

  • Free & Instant Home Valuation

    Estimate how much you can get by selling your home and keep track as the market changes.

  • Sell Faster

    Our team utilizes the power of online marketing to sell faster than an average real estate agent.

  • Save Money

    Our experts help you sell for the highest price point possible.

Powered by Lofty Inc.Copyright 2024. All Rights Reserved.

Terms of service

Privacy policy

MY BLOGS

More Articles >

REVIEWS

MORE
  • I met with the realtor Ahmed Arshad through Houseful online agency. He was very polite gentleman who knows his job and in very professional manner he sold our house in three days for very good price. Later he guided us to buy a new house. And he showed us how to be careful about some missing, or bad things in the houses we looked at. It was a very exciting adventure working with Mr Ahmed Arshad and for very short time we found and bought the house were now we live in. Thankful Kiro and Lidija
    Kiro Seremetkoski
  • Definitely will recommend to those who is looking for their new home.
    Jeric Salazar
  • Erica Salazar
MORE

Our Team

Ahmed Arshad
Ahmed Arshad
Realtor

+1(403) 399-2170

1301 8th Street SW, Calgary, AB, Canada

https://www.calgarymlshomes.com/

Selling Real Estate since 2006 helping people move with confidence. My goal is to assist buyers and sellers in making the BEST possible Real Estate decisions by providing relevant knowledge, collaboration, professionalism and a memorable experience.