516 10 St, Cold Lake

This 4 plex home has 2-3 bedroom units, 1-2 bedroom unit, & 1-1 bedroom unit. All the units have long term tenants; one 3 bedroom at $1250, one at $1100, the 2 bedroom at $1100, and the 1 bedroom at $1000. The 3 bedroom units could easily be increased to $1300 & $1200 & with the storage increase in rent, the rent would be $4800 per month [presently $4600], or $57,600 per year. The two 3 bedroom units are approximately 900sqft. each; the 2 bedroom approximately 800sqft. & the 1 bedroom 600sqft. There is also a 480sqft. storage shed, attached to the building, which is rented out for $150, increasing to $200/month. The 4 plex is 1/2 a block from the lake & between the Cold Lake Marina & the Kinosoo Beach Splash Park, making it an ideal location for tenants. [The shingles were replaced around 2011; hot water tank 2015; boiler 2014]. There are 4 electric parking stalls. Each unit has a stove & fridge. (id:1945)