Courtesy Of Jeneen Marchant Of RE/MAX Real Estate
About 7304 78 Avenue Nw
Looking for cash flow??? This 4-plex is a turn key investment that is fully rented and generates $5755/month of income between four suites and the garage. You can rent it as is, or do some sprucing up to increase the rental income and property value. The property is zoned as a legal and titled 4-plex with two 3 bedroom upper suites and two 2 bedroom lower suites that all have their own full bathrooms, entrances, furnaces, and laundry. It is located on a corner RF3 zoned lot across from a park that is conveniently located close to 75 street, Argyll, the Whitemud, or Whyte avenue. There is ample parking at this property as well with the double garage, 4 stalls, and corner street parking. Rent, hold, improve and refinance, or infill...the choice is yours! Current CAP rate is 4.99% but the ARV and stabilized CAP rate can see that increase to over 6.11%!
Features of 7304 78 Avenue Nw
| MLS® # | E4385756 |
|---|---|
| Price | $697,500 |
| Bedrooms | 10 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,431 |
| Acres | 0.20 |
| Year Built | 1969 |
| Type | Single Family |
| Sub-Type | 4PLEX |
| Style | Bi-Level |
Community Information
| Address | 7304 78 Avenue Nw |
|---|---|
| Area | Edmonton |
| Subdivision | King Edward Park |
| City | Edmonton |
| County | ALBERTA |
| Province | AB |
| Postal Code | T6B 0C1 |
Amenities
| Amenities | Detectors Smoke |
|---|---|
| Features | Detectors Smoke |
| Parking | Double Garage Detached |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Laminate Flooring, Linoleum, Non-Ceramic Tile |
|---|---|
| Interior Features | Dishwasher-Built-In, Garage Opener, Refrigerators-Two, Dryer-Two, Stoves-Two, Washers-Two, Microwave Hood Fan-Two |
| Heating | Forced Air-2 |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Fully Finished |
Exterior
| Exterior | Brick, Vinyl |
|---|---|
| Exterior Features | Corner, Playground Nearby, Public Swimming Pool, Public Transportation, Schools, Shopping Nearby |
| Construction | Wood Frame |
School Information
| Elementary | Avonmore School |
|---|---|
| Middle | Kenilworth School |
| High | McNally School |
Additional Information
| Date Listed | May 6th, 2024 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Jeneen Marchant Of RE/MAX Real Estate |
|---|