5051 56 Avenue Rimbey, Alberta T0C 2J0

2000 sqft
Bi-Level Forced Air


Excellent Investment Returns with a 7.60% Capitalization Rate on this Beautifully upgraded Fourplex in Rimbey! Current monthly rent is $4,925! Property includes two 3 Bedroom, 2 Bath units, and two 2 Bedroom, 1 Bath units that are nice and bright, with large windows. Lots of upgrades, and almost no vacancies over the past 6 years (only vacancies have been during Tenant turnover and limited to weeks or days). Each unit comes with Refrigerator, Stove, Dishwasher, Micro-Hood, Washer, & Dryer. Upstairs East and West units have 3 bedrooms, & two bathrooms, while the East & West downstairs units offer 2 bedrooms, and 1 full bathroom. Additional upgrades include Composite Decking, Aluminum Railings, and recently regraded parking lot. Plenty of off-street parking with Gravel parking area to the South. (id:19690)

Property Details

MLS® Number A1225430
Property Type Multi-family
Parking Space Total 8
Plan 8120291
Structure Deck


Appliances Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave Range Hood Combo
Architectural Style Bi-level
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1978
Flooring Type Carpeted, Laminate, Linoleum
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 2000 Sqft
Total Finished Area 2000 Sqft
Type Multi-family


Acreage No
Size Total Text Unknown
Zoning Description R2



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