Presenting an extraordinary investment prospect in the real estate realm - a multi-family property featuring 20 units under a single title, designed to captivate investors seeking both lucrative returns and contemporary comforts. Each unit, comprising 3 bedrooms and 2 bathrooms, showcases a spacious layout complemented with individual balconies for serene outdoor moments. The open-concept living areas foster inviting interiors, while 15 furnished units ensure convenience for long-term tenants with renewed leases. Adding a dynamic dimension, 3 units are dedicated to Airbnb rentals, tapping into the thriving short-term market. The remaining units are occupied by meticulously chosen tenants, ensuring a stable rental portfolio. Conveniently situated near shopping centers, a new recreational facility, and key city arteries, this property offers the utmost convenience for residents and commuters alike. With a strategic blend of rental types, this property offers a balanced income approach that minimizes risk and maximizes cash flow. Quality long-term tenants and operational Airbnb units guarantee stability, while the prime location bolsters demand and property value. Seize the opportunity to explore this harmonious blend of upscale living and sound investment - schedule a private tour today.
Mls | A2166853 |
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Listing Type | For Sale |
Style | Attachd |
Subtype | Resale |
Status | Active |
Year | 2013 |
Days On Site | 78 |
Listing Provided By | Grassroots Realty Group Ltd. | Ruben Marin |
Sq Feet | 24,800 |
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Zoning | RM |
State | AB |
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County | Grande Prairie |
City | Grande Prairie |
Zip Code | T8V 4G1 |
Area | Grande Prairie |
Community Name | Smith |
Listing VS Median (in Smith) | |
Price: $3,625,000 low | high Med: $329,900 SqFt: 24,800 low | high Med: 1,140 $ / SqFt: $146 low | high Med: $289 On Site: 78 low | high Med: 48.000000 |