1427 18 St

Didsbury is a great small town only 30 minutes from Airdrie and well within commuting distance of North of Calgary. This is a well-maintained CASH FLOWING multi-family property consisting of 2 buildings with 4 Townhouses and 1 bi-level in each building for a total of 10 rentable units. The townhouses are 3 bedrooms and 1.5 bathrooms and the bi-levels also have 3 bedrooms (below grade) and 1.5 bathrooms. Each unit has 2 parking stalls out front and a fenced yard. The property is fully rented with a very low turnover. Most units are inhabited by long-term tenants. Each unit has its own furnace and hot water heater so running expenses are very low. Shingles and windows are newer with recent vinyl siding and stucco exterior making for ease of maintenance. The property manager lives on-site and deals with most minor maintenance issues. Rents have been historically lower than the market average making a higher cash flow possible when rents are brought into line with market conditions. (id:22211)