4801, 4805 52 Street Olds, Alberta T4H 1G2

1,868 sqft
Forced Air

$1,299,000

Exceptional multi-family investment opportunity featuring two adjacent 4-plex buildings in a prime location, just minutes from Olds College. Each building offers four 2-bedroom, 1-bathroom suites, for a total of eight rental units, all complete with in suite washer and dryer. Each suite is separately metered for utilities, providing efficient operating costs and ease of management. Numerous capital improvements have been completed, including a Carlisle Sure-Weld 60 mil membrane roofing system, metal-clad mansards (2019), upgraded fibreglass front entry doors, replacement of all furnaces and renovations to the majority of kitchens and bathrooms. Exterior sewer and water service lines between the buildings and municipal connections have also been replaced. Ideally situated close to Olds College and local amenities, this well maintained income producing property offers investors a turnkey opportunity with quality upgrades already in place and strong long term rental appeal. (id:63476)

Property Details

MLS® Number A2331220
Property Type Multi-family
Parking Space Total 12
Plan 7510542
Total Buildings 2

Building

Constructed Date 1975
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 1868 Sqft
Size Interior 1,868 Sqft
Total Finished Area 1868 Sqft
Type Multi-family

Land

Acreage No
Size Total Text Unknown
Zoning Description Mixed Use Node (mun)

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