105 First Avenue E Cochrane, Alberta T4C 1Z5

7500 sqft


9 units plus detached double garage all on one title. 4 x two bedrooms, 5 x one bedrooms. Gross Revenue $150,000. NOI $105,000, CAP 5.44%. Gross rent will be $155k by the end of 2023 with renewing leases. Cochrane is growing at an astonishing rate! Home values and rents are keeping pace with Calgary making investment rental properties very attractive. This fully renovated building is just walking distance to down town Cochrane. Groceries, coffee shops, pubs and restaurants all just blocks away. There are 8 surface stalls and room to make more if you ever required. Boiler is well maintained and flat roof is in good condition. Brick exterior is in excellent condition and property shows 10/10. (id:38235)

Property Details

MLS® Number A2045943
Property Type Multi-family
Community Name East End
Plan 2439jk


Constructed Date 1973
Size Exterior 7500 Sqft
Size Interior 7500 Sqft
Total Finished Area 7500 Sqft
Type Multi-family


Acreage No
Size Irregular 798.97
Size Total 798.97 M2|7,251 - 10,889 Sqft
Size Total Text 798.97 M2|7,251 - 10,889 Sqft
Zoning Description R-3


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