. This attractive 4-plex in Blackfalds is listed at $675,000 and generates a gross rental income of $57,600 per year. With tenants covering all gas and electric costs via individual meters, the owner is responsible for water, sewer, and garbage services, which total approximately $350 per month (around $4,200 annually). Each unit features 2 bedrooms, with a 4-piece bathroom in the basement and a 2-piece bathroom. After accounting for annual property taxes of $5,656 and the utility expenses, the net operating income comes to approximately $47,744, resulting in a cap rate roughly 7.1%. Depends on your cost of your insurance would also have to be added in there., which will very as well as vacancy and maintenance. Located right beside the Eagle Hockey Arena and Blackfalds Library, this property presents a compelling investment opportunity in a prime location. (id:51532)
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