3620 23 Avenue S, Lethbridge, Alberta, T1K5H9

3620 23 Avenue S, Lethbridge, AB

  • 47754 sqft lot
  • 72 days on site
  • Listed by: Realtor.ca

What an amazing opportunity to own an entire building with 30 separate titles! This building has been meticulously taken care of since this owner has had it. There are 30 units in here. 21 of the units are 2 bedrooms, and 9 are 1 bedroom units. There are just two vacant right now. This building has a lot of long term tenants too! If you're looking at buying and holding real estate, this is a nice one to have in your portfolio. Gross income of almost $300,000 in 2018. If you fill this building up in the last two units, you would see a total rental pool of over $26,000/month. (2 bedroom units rent from $875, and 1 beds rent from $825-$850/month) One other thing to consider here is the fact that there are 30 separate titles. That means that you could fix up a unit, and sell it off if you ever wanted an influx of cash. Could you add $10,000 to each unit, and sell them all individually like a developer? That is a neat prospect that is hard to find in other buildings of this nature. If you have been looking for a complete package, this could be the one for you. (id:1945)

Best Mortgage Rates Estimated Mortgage $15,560/mo from First Calgary Financial

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Real Estate in Nearby Cities

Comparable nearby homes are: 2931 28 Avenue S, 2931 28 Avenue S. What's near 3620 23 Avenue S, Lethbridge: Nikka Yuko Japanese Garden 2.31 km, St. Michael's Health Centre 2.67 km, Mr Mikes SteakhouseCasual (Formlery Steakhouse & Bar) 602 m, Casino Lethbridge 2.92 km, Boston Pizza 859 m, McFadden Honda 3.03 km, Fairview, Alberta (hamlet) 3.07 km, Travelodge Lethbridge 1.94 km, Sobeys 744 m, CHLB-FM 3.15 km.