2236 47 Street SE

Forest Lawn Calgary T2B 1L6

This detached home will be of interest to new Investor looking to increase their number of retal units. This home has good Cash Flow for investors and first time owner with interest in getting experience and involvement in Real Estate Rental business. the long term existing tenants are willing to stay and new owners might take immediate possession if the Buyer assumes existing tenants.. The four separate living units in this grande fathered Non conforming illegal units generates good monthly revenue and has potential for more, should the rent be adjusted to current monthly rent of similar suites in the city. There are One Two-Bedroom and One Bachelor suites on the Mainfloor and the basement has One One-bedroom and One Bachelor suites. Every suite has one 4-piece bathroom. three suites has full functional kitchens with fridge and stoves. Other features of the property, with Southwest facing frontage are paved two RV Parking stall which may be coveeted to Four Cars parling stalls. The backyard is dominated with a massive Garage/Workshop that boasts a 10 foot Single garage door, a second floor Office/Mezzani that was once an Upholstry?Antique Furniture workshop. The potential for more income generation is huge with some TLC ; to take care of some deferred maintenance that exist in the property.