Investment property for sale in Stettler, Ab with 3 individual suites fully rented. 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 $219,900.
The main floor has long term tenants paying $800 each month. The top floor with the dormer windows also rents for $800 each month, and the lower level rents for $600 each month. Fully rented with tenants interested in staying this is a turnkey investment property that will earn the new owners an income.
The entire roof was replaced in 2019 but there is some hail damage on the siding. Located in the heart of Stettler, Alberta and positioned across the street from schools, with a little TLC, this home could be a fine work of art.