1423 13 AVE S Active Save Request In-Person Tour Request Virtual Tour
Lethbridge,AB T1K 0R6
Key Details
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $339
Subdivision Agnes Davidson
MLS Listing ID A2181787
Style Bungalow,Side by Side
Bedrooms 1
Full Baths 1
Originating Board Lethbridge and District
Year Built 1953
Annual Tax Amount $7,800
Tax Year 2024
Lot Size 5,564 Sqft
Acres 0.13
Property Description
This full duplex, with 2 illegal suites, located in the sought-after Agnes Davidson area, is a standout choice for investors seeking high returns and consistent "occupancy record".. The property includes four spacious suites, each offering 2 bedrooms, 1 bathroom, and in-suite laundry. a couple units have been updated for enhanced comfort and appeal.
A detached 22x24 garage adds additional income potential, making this property even more attractive for maximizing ROI. Its prime location near schools, shopping, public transportation, parks, and the regional hospital ensures strong rental demand from a diverse pool of tenants. Current Performance: IRR = 8.3%, Cap Rate = 5.6%, Market Potential: EST. IRR = 10.45%, Cap Rate = 7.8%, Proforma details available on request, Virtual tours of each suite are accessible—ask your REALTOR® today!
Whether you're a seasoned investor or just expanding your portfolio, this property offers a perfect blend of stability and growth potential. Don't miss out! Your Realtor has access to video tours on the suites, they are a MUST SEE!
Location
State AB
County Lethbridge
Zoning R-L
Direction S
Rooms
Basement Finished,Full
Interior
Interior Features Laminate Counters,See Remarks
Heating Forced Air
Cooling None
Flooring Carpet,Hardwood,Linoleum,Vinyl Plank
Inclusions (4) Fridge, (4) Stove , (4) washer/Dryer
Appliance Electric Range,Refrigerator,See Remarks,Washer/Dryer
Laundry In Unit
Exterior
Parking Features Double Garage Detached,Off Street
Garage Spaces 2.0
Garage Description Double Garage Detached,Off Street
Fence Partial
Community Features Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Roof Type Asphalt Shingle
Porch None
Lot Frontage 46.0
Exposure E,S
Total Parking Spaces 4
Building
Lot Description Back Lane,Back Yard,City Lot
Foundation Poured Concrete
Architectural Style Bungalow,Side by Side
Level or Stories One
Structure Type Mixed
Others
Restrictions None Known
Tax ID 91683279
Ownership Private