Turnkey investment opportunity in the heart of Brooks, Alberta. Well maintained 4-plex, built in 1976, offers four 2 bedroom units, making it an attractive addition to any investor’s portfolio. With a strong annual gross rental income of $53,400 and an estimated cap rate exceeding 5.5%, this property delivers reliable cash flow and value.
Each unit is separately metered, tenants responsible for their own power and gas, helping to keep operating costs predictable and manageable. Current annual expenses include approximately $4,472 in property taxes and $5,100 in insurance, supporting solid net income performance. Owner pays city utility, to date average monthly cost of $325.
Hail damage repair this spring will include new roof and exterior. Situated in a stable rental market, this property benefits from consistent demand for affordable, multi-family housing. Whether you’re expanding your portfolio or entering the investment market, this 4-plex presents a compelling combination of income, efficiency, and potential for future appreciation.
A smart, income-generating asset in a rental demand Alberta community.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Home Style:
Bi-Level
Total Living Area:
1,819.1 sq. ft.169 m2
Below Grade Finished Area:
1,819.1 sq. ft.169 m2
Lot Frontage:
75'22.9 m
Levels:
Bi-Level
Year built:
1976
(Age: 50)
Bathrooms:
-
(Full:-, Half:-)
Plan:
9510518
Heating:
Forced Air, Natural Gas
New Constr.:
No
Structure Type:
Four Plex
Roof:
Tar/Gravel
Ensuite:
No
Garage:
No
Parking Places:
8
Parking Total/Covered:
8 /
-
Laundry Features:
In Basement
West End
Electric Stove, Range Hood, Stove(s), Washer/Dryer
4 fridges, 4 stoves, 4 range hoods, 4 washers and 4 dryers
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