3620 23 Avenue S, Lethbridge, Alberta, T1K5H9

3620 23 Avenue S, Lethbridge, AB

  • Price: $3,690,000
  • Type:
  • Year built: 1984
  • Tax amount: 36843 CAD
  • Tax year: 2018
  • Neighborhood: South Lethbridge
  • Postal code: T1K5H9
  • Provided by: Point2
  • Added: 8 days ago

Description

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. Net income of over $218,000 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.

Brokered And Advertised By: Lethbridge Real Estate.com
Listing Agent: Justin Myer

Property Details for 3620 23 Avenue S, Lethbridge, AB

  • Other: Inclusions: 30 Fridges, 30 Stoves, 30 Dishwashers, 3 sets of Coin Op Laundry. (One on each floor), 9 One Bedroom, 21 Two Bedroom
  • Heating: Boiler, Hot Water, Radiant, Fuel: Natural Gas
  • Lot Features: Balcony
  • Roof: Shingle - Asphalt
  • Sewer/Water Systems: Municipal
. The average price for similar 3620 23 Avenue S real estate listings - $3,690,000 which is 63% higher than $1,355,750 for Lethbridge, and 69% higher than $1,132,507 for Alberta. Comparable nearby homes are: 179 St James Boulevard N, 188 St James Boulevard N, 188 St James Boulevard N, 111 14 Street N, 111 14 Street N. What's near 3620 23 Avenue S, Lethbridge T1K: 7-Eleven, Travelodge Lethbridge, Sobeys, Subaru of Lethbridge, Dairy Queen Brazier Restaurant, Tim Hortons, Evergreen Golf Centre, Rocky Mountain Turf Club, Nikka Yuko Japanese Garden. Estimated Mortgage $14,661/mo from TD Bank