1423 13 Avenue S Active Save Request In-Person Tour Request Virtual Tour
Lethbridge,AB T1K0R6
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $339
Subdivision Agnes Davidson
MLS Listing ID A2181787
Style Bungalow
Bedrooms 1
Year Built 1953
Lot Size 5,564 Sqft
Property Description
This full duplex, with 2 illegal suites, located in the sought-after Agnes Davidson area, is a standout choice for investors seeking high returns and consistent "occupancy record".. The property includes four spacious suites, each offering 2 bedrooms, 1 bathroom, and in-suite laundry. a couple units have been updated for enhanced comfort and appeal.A detached 22x24 garage adds additional income potential, making this property even more attractive for maximizing ROI. Its prime location near schools, shopping, public transportation, parks, and the regional hospital ensures strong rental demand from a diverse pool of tenants. Current Performance: IRR = 8.3%, Cap Rate = 5.6%, Market Potential: EST. IRR = 10.45%, Cap Rate = 7.8%, Proforma details available on request, Virtual tours of each suite are accessible—ask your REALTOR® today!Whether you're a seasoned investor or just expanding your portfolio, this property offers a perfect blend of stability and growth potential. Don't miss out! Your Realtor has access to video tours on the suites, they are a MUST SEE! (id:24570)
Location
Province AB
Interior
Heating Forced air
Cooling None
Flooring Carpeted,Hardwood,Linoleum,Vinyl Plank
Exterior
Parking Features Yes
Garage Spaces 2.0
Garage Description 2
Fence Partially fenced
View Y/N No
Building
Story 1