11212 75a Avenue Grande Prairie, Alberta T8W 0G5

$460,000

NEW PRICE: $460,000 | $4,000/MONTH RENTAL INCOME! A fresh opportunity for investors to secure a proven revenue property in Grande Prairie's desirable Westpointe neighbourhood! Now reduced by $24,000, this well-maintained LEGAL up/down duplex at 11212 75A Avenue offers immediate rental income, established tenants, and excellent long-term investment potential.Featuring 5 bedrooms, 2 full bathrooms, and two self-contained suites, this property delivers flexibility and functionality. The bright upper suite offers 3 bedrooms, 1 bathroom, an open-concept living area, and a spacious kitchen and dining space. The lower suite features its own above-grade entrance, 2 bedrooms, and 1 bathroom, creating an appealing layout for tenants.THE NUMBERS MAKE THIS ONE WORTH A CLOSER LOOK! Currently generating $4,000 per month ($48,000 annually) in rental income, with $2,100 from the upper suite and $1,900 from the lower. At the new $460,000 asking price, that represents approximately 10.4% gross annual rental yield before expenses. An attractive opportunity for investors looking to put their money to work!Both suites have established leases in place, with the upper lease running until June 1, 2027, and the lower until September 1, 2027. Rent includes a $250/month utility allowance per suite, with tenants responsible for overages, helping manage operating expenses.Pride of ownership is evident, with major mechanical components well maintained. The lower furnace was replaced approximately three years ago, both on-demand hot water systems have been professionally serviced annually, and the roof is in good condition.BONUS FEATURE: A professionally built 8' x 8' insulated outbuilding, finished to complement the home's exterior. Complete with soundproof insulation, welding/heat extraction ventilation, hardwired Ethernet with six connection points, substantial electrical capacity, and a secure steel entry door. An incredibly versatile space for a workshop, hobby room, gaming setup, or creative studio!NEW PRICE. LIMITED OPPORTUNITY. With a significant $24,000 price reduction and Listing Expiry Dec 18, talk to your favourite realtor today! $4,000 in established monthly rental income, this Westpointe property deserves a closer look! At $460,000, the opportunity to secure a proven income-producing investment is more compelling than ever. Don't miss your chance to explore the potential! Rental history and financial information available to qualified buyers upon request. (id:63476)

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