$550,000
$548,000
0.4%For more information regarding the value of a property, please contact us for a free consultation.
1019 Cassils RD W #1-4 Brooks, AB T1R 0C8
1,819 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,819 sqft
Price per Sqft $302
Subdivision West End
MLS® Listing ID A2296341
Sold Date 04/14/26
Style Bi-Level
Year Built 1976
Annual Tax Amount $4,476
Tax Year 2025
Property Sub-Type 4 plex
Source South Central
Property Description
Turnkey investment opportunity in the heart of Brooks, Alberta. Well maintained 4-plex, built in 1976, offers four 2 bedroom units, making it an attractive addition to any investor's portfolio. With a strong annual gross rental income of $53,400 and an estimated cap rate exceeding 5.5%, this property delivers reliable cash flow and value.
Each unit is separately metered, tenants responsible for their own power and gas, helping to keep operating costs predictable and manageable. Current annual expenses include approximately $4,472 in property taxes and $5,100 in insurance, supporting solid net income performance. Owner pays city utility, to date average monthly cost of $325.
Hail damage repair this spring will include new roof and exterior. Situated in a stable rental market, this property benefits from consistent demand for affordable, multi-family housing. Whether you're expanding your portfolio or entering the investment market, this 4-plex presents a compelling combination of income, efficiency, and potential for future appreciation.
A smart, income-generating asset in a rental demand Alberta community.
Location
Province AB
County Brooks
Zoning R3
Interior
Heating Forced Air, Natural Gas
Appliance Electric Stove, Range Hood, Stove(s), Washer/Dryer
Laundry In Basement
Exterior
Roof Type Tar/Gravel
Lot Frontage 75.0
Total Parking Spaces 8
Building
Architectural Style Bi-Level
Level or Stories Bi-Level
Others
Restrictions None Known
Tax ID 56472633
Ownership Private
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