7
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$850,000
Est. payment /mo
1,000 SqFt
Active
4 Huntley Close NE Calgary, AB T2K4Z3
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $850
Subdivision Huntington Hills
MLS® Listing ID A2266123
Year Built 1972
Lot Size 7,276 Sqft
Acres 0.16704324
Property Sub-Type Freehold
Source Calgary Real Estate Board
Property Description
This solid 1972-built 4-plex presents an exceptional opportunity for investors looking to add value and significantly increase rental income. Each of the four spacious units is approximately 1,000 sq. ft. and features three bedrooms, one bathroom, and its own furnace and hot water tank. All the tub surrounds have been recently replaced, but the remainder of the building remains largely in original condition—offering endless potential for modernization and improved returns. Three of the four units are currently occupied, including two long-term tenants. The generous size of each suite provides the perfect canvas for interior upgrades that could dramatically enhance both appeal and revenue. Ideally situated close to major bus routes, Stoney Trail, and Deerfoot Trail, this property also offers quick access to shopping, schools, and all amenities—just minutes from downtown via Centre Street. With strong fundamentals and tremendous upside, this is a rare opportunity to transform a well-built 4-plex into a high-performing investment in a sought-after central location. 4Plex generating $4,200/month ($50,400 annually) with tenants paying all utilities — (taxes $6,072, insurance est. $3,000) and 4.86% cap rate based on $850K.” Also not factoring in 1400 for non paying tenant currently being evicted. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Others
Ownership Freehold
Listed by CIR Realty