4819 54 Street Stettler, AB
Investment property for sale in Stettler, Ab with 3 individual suites. Built in 1920 this Dutch Colonial Gambrel-style home has stood the test of time and is now generating income for its current owners. However, the current owners live away and need to sell.
It’s hard to find a revenue-generating income property that actually shows a return because generally, the purchase price is high. However, prices are affordable still in Stettler, Ab, and this 3 suite home is priced at only $204,900.
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Recent plumbing upgrades and $9500 in recent improvements. A real estate investor will be hard-pressed to find more value in an investment property. The current rental income (top floor and lower suite) is $1675/month and the main-floor suite could rent around $1100.
The roof was replaced in 2019 but there is some hail damage on the siding. Located in the heart of Stettler, Alberta, and located across the street from schools. With a little TLC, this home could be a fine work of art.