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
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Ahmed Arshad

Ahmed Arshad

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

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Listed by RE/MAX Grande Prairie

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  • 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
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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.