Turn-key, fully renovated, and cash-flowing, this is the fourplex you’ve been waiting for! Fixed Leases in place bringing in $5550.00/Month & Tenants pay their own utilities. Located in the growing community of Olds, Alberta, 4609 48th Street offers low-maintenance, reliable income from day one. Whether you’re an experienced investor looking to expand your portfolio or a first-time buyer wanting to live in one unit and rent out the others, this property is a rare opportunity you don’t want to miss.This fourplex has been completely gutted and rebuilt from the inside out. All four units feature brand new vinyl plank flooring, new kitchens, new bathrooms, fresh paint, updated lighting, and new appliances. All exterior and interior doors have been replaced, along with new carpet on the stairs in Units 1 and 2. Every mechanical component has been replaced, including high-efficiency furnaces in the mechanical room, new electric hot water heaters, and all new venting installed to current code. Electrical updates include new panels in each unit, new switches and plugs throughout, washer and dryer hookups, and a new four-gang exterior meter base so tenants can pay their own utilities. Venting for all kitchen and bathroom fans has been fully replaced. New windows have been installed throughout the property, except for one large window in Unit 2 which was replaced by the previous owner. All plumbing was completely redone in the kitchens and bathrooms. The ceilings have been re-stippled and replaced with drywall and a flat texture for a modern, clean look. New drywall was also added to the basements and mechanical areas. Brand new washers, dryers, and appliances complete each unit for true turn-key living.Olds is a thriving and fast-growing community, home to the highly respected Olds College. With a steadily increasing population, strong demand for rental housing, and an economy supported by agriculture, education, and small businesses, it’s an ideal location for steady ca sh flow and long-term investment. Properties like this - fully renovated, already cash-flowing, and set up for minimal maintenance, are hard to find! Unit 4 is identical to unit 3, just opposite for image references.Don’t miss your chance to add this incredible asset to your portfolio and book your private tour today! (id:51438)
| MLS® Number | A2198116 |
| Property Type | Multi-family |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Parking Space Total | 4 |
| Plan | 5706gd |
| Structure | Deck |
| Appliances | Refrigerator, Stove, Microwave Range Hood Combo, See Remarks, Window Coverings, Washer & Dryer |
| Constructed Date | 1960 |
| Cooling Type | None |
| Flooring Type | Tile, Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Size Interior | 2,102 Ft2 |
| Total Finished Area | 2102 Sqft |
| Type | Multi-family |
| Other | |
| Parking Pad |
| Acreage | No |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Depth | 36.57 M |
| Size Frontage | 15.24 M |
| Size Total Text | Unknown |
| Zoning Description | R3 |
https://www.realtor.ca/real-estate/28139795/4609-48-street-olds
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