7418 112 Street, Grande Prairie, Alberta

INVESTOR ALERT!!! Legal up/down unit with $3100/mth rental income aggressively priced to attract strong offers. The Grande Prairie investment & rental market remain very strong with low vacancy + healthy rents which offers a great combination for investors and this type of property hits the metrics on cash flow + cash on cash return(see attached investment worksheet under supplements in the listing). Upper unit offers 3 bedrooms + 2 bathrooms including ensuite in primary bedroom, it also offers a unique additional flex space that tenants can use as a living area, office, gym area or play area. Lower unit offers 2 bedrooms + 1 bathroom with great ceiling heights and window sizes. Alll the little things that make a landlord’s life easier have been looked after: separate power & gas meters, Each unit has private laundry, triple wide parking pad at the rear of the property, low maintenance landscaping, soundproofing between units, etc. The effective age of the property provides piece of mind that replacement on capital investment is still well into the future which allows time to generate cash flow and plan accordingly. Upper unit lease runs to March 31, 2027 @ $1700/mth + power/gas. Lower unit lease runs to October 31, 2027 @ $1400/mth + power/gas. This property checks all the boxes that a savvy investor is looking for. Contact a Realtor to book a showing today and let this turn-key investment start working for you. (id:56426)