For Sale: 709 Hammond Drive S, Fox Creek, AB - REW
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$595,000
0 bd • ba • 2400 sf • Fourplex
709 Hammond Drive S
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$595,000
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709 Hammond Drive SFox Creek, AB, T0H 1P0

  • 0 Bed
  • Bath
  • 2400 Sqft
  • Fourplex

About this home

Welcome to your new investment opportunity. This fully occupied 4-plex with fixed term leases in place will properly reward you. The building contains 4 - 3 BR , 1 1/2 BA suites. Each offers a full kitchen, dining area, living room, 1/2 bath and a storage room on the main floor, along with 3 BR, a full bathroom, mechanical room and laundry area downstairs. 3 suites are unfurnished and one has just been furnished with all new furniture! There are patio doors leading from the main floor living space onto the outdoor balconies. The suites are designed in a bi-level format, with the living space upstairs on the main floor and the bedrooms downstairs on the lower level. Two units face the street and the other two face the back yard. 5 paved parking stalls are located to the front of the building, coming directly off the street. The building was built in 1980 and is constructed of wood framing and a PWF foundation. It is a wood-sided building with asphalt shingles on the roof. Each of the units has a gas furnace and hot water heater. RENOVATIONS: All 4 suites have had many updates. These renos include new paint, new vinyl plank flooring, bathroom updates, 2 new high-efficiency furnaces, 3 new hot water heaters and all 4 new balconies. Additionally, various appliance upgrades were installed within the last two years including washers, dryers, stove, all new electrical panel upgrades in all four suites, exterior doors, interior doors and so one for more than 30.000 dollars in upgrades. 3 suites are rented unfurnished and the tenants pay their own heat, hot water and electricity and the on unti is rented furnished, with the owner paying utilities. The owner pays the monthly water and sewer costs. Current gross return on investment: 13.31%. Net return on investment: 9.28% (based on 79200.- annual income - 23940.- projected expenses)
Listed by: Frank Heitzer, eXp Realty of Canada

Home facts and features

Price details
List Price
$595,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Fourplex
Year Built
Built in 1980 (46 yrs old)
Heating Type
Forced Air,Natural Gas
Basement Details
Full
Features
Garden
Appliances
Refrigerator, Stove(s), Washer/Dryer, Window Coverings
Agent details
Primary Agent
Primary Broker
eXp Realty of Canada
Listing details
Days on REW
2 Days
MLS® Number
A2325910
Source
Pillar 9
Board
Calgary Real Estate Board
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25 Years
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3.99%

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Property Insights

Gateway Academy (Fox Creek)
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Fox Creek School
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Call Agent
Frank Heitzer
Phone:
403-918-9663
Office:
403-262-7653
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.