Property Details

Featured in:

Winners:

Featured in:

Winners:

1-4, 1019 Cassils Road W
Brooks (A2296341)

$548,000
1,819 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Turnkey investment opportunity in the heart of Brooks, Alberta. Well maintained 4-plex, built in 1976, offers four 2 bedroom units, making it an attractive addition to any investor’s portfolio. With a strong annual gross rental income of $53,400 and an estimated cap rate exceeding 5.5%, this property delivers reliable cash flow and value. Each unit is separately metered, tenants responsible for their own power and gas, helping to keep operating costs predictable and manageable. Current annual expenses include approximately $4,472 in property taxes and $5,100 in insurance, supporting solid net income performance. Owner pays city utility, to date average monthly cost of $325. Hail damage repair this spring will include new roof and exterior. Situated in a stable rental market, this property benefits from consistent demand for affordable, multi-family housing. Whether you’re expanding your portfolio or entering the investment market, this 4-plex presents a compelling combination of income, efficiency, and potential for future appreciation. A smart, income-generating asset in a rental demand Alberta community.

Property details

Basic Info

MLS® #
A2296341
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
West End
Price
$548,000
Sale/Lease:
For Sale
Size:
1,819 sq.ft.
Year Built:
1976 (50 years old)

Building Info

Structure Type:
Four Plex
Building Style:
Bi-Level
Garage:
No
Fence:
Basement:
No
Inclusions:
4 fridges, 4 stoves, 4 range hoods, 4 washers and 4 dryers
Appliances:
Electric Stove, Range Hood, Stove(s), Washer/Dryer
Laundry:
In Basement

Lot / Land Info

Zoning:
R3

Materials & Systems

Roof:
Tar/Gravel
Heating:
Forced Air, Natural Gas

Listing Info

Possession:
Negotiable
Days on Market:
1
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Grassroots Realty Group Ltd.
1-833-477-6687

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