4609 48 Street Active Save Request In-Person Tour Request Virtual Tour
Olds,AB T4H1E2
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,102 sqft
Price per Sqft $391
MLS Listing ID A2198116
Originating Board Calgary Real Estate Board
Year Built 1960
Property Sub-Type Freehold
Property Description
Turn-key, fully renovated, and cash-flowing, this is the fourplex you've been waiting for! Fixed Leases in place bringing in $5550.00/Month & Tenants pay their own utilities. Located in the growing community of Olds, Alberta, 4609 48th Street offers low-maintenance, reliable income from day one. Whether you're an experienced investor looking to expand your portfolio or a first-time buyer wanting to live in one unit and rent out the others, this property is a rare opportunity you don't want to miss.This fourplex has been completely gutted and rebuilt from the inside out. All four units feature brand new vinyl plank flooring, new kitchens, new bathrooms, fresh paint, updated lighting, and new appliances. All exterior and interior doors have been replaced, along with new carpet on the stairs in Units 1 and 2. Every mechanical component has been replaced, including high-efficiency furnaces in the mechanical room, new electric hot water heaters, and all new venting installed to current code. Electrical updates include new panels in each unit, new switches and plugs throughout, washer and dryer hookups, and a new four-gang exterior meter base so tenants can pay their own utilities. Venting for all kitchen and bathroom fans has been fully replaced. New windows have been installed throughout the property, except for one large window in Unit 2 which was replaced by the previous owner. All plumbing was completely redone in the kitchens and bathrooms. The ceilings have been re-stippled and replaced with drywall and a flat texture for a modern, clean look. New drywall was also added to the basements and mechanical areas. Brand new washers, dryers, and appliances complete each unit for true turn-key living.Olds is a thriving and fast-growing community, home to the highly respected Olds College. With a steadily increasing population, strong demand for rental housing, and an economy supported by agriculture, education, and small businesses, it's an ideal location for steady ca sh flow and long-term investment. Properties like this - fully renovated, already cash-flowing, and set up for minimal maintenance, are hard to find! Unit 4 is identical to unit 3, just opposite for image references.Don't miss your chance to add this incredible asset to your portfolio and book your private tour today! (id:24570)
Location
State AB
Rooms
Kitchen 0.0
Interior
Cooling None
Flooring Tile,Vinyl Plank
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youriguide.com/kfkku_4609_48_st_olds_ab/