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Property Description

Presenting a turnkey, four-unit multifamily investment property ideally suited for investors seeking immediate, stable cash flow. This well-maintained 4-plex, built in 1970, features four spacious 460-square-foot one-bedroom units, offering an efficient and desirable floor plan for tenants. The property’s strongest selling point is its impeccable occupancy and tenant stability: it is currently 100% leased, with a proven track record of long-term tenancy that significantly minimizes turnover costs and income disruption. Two of the units (Units 3 and 4) have been reliably rented by the same tenants since 2018, demonstrating both the property’s desirability and the area’s strong rental demand. Complementing this exceptional stability are the remaining units; Unit 1 has been occupied by a steady tenant for over two years, while Unit 2 rounds out the portfolio with a one-year tenancy. This diversified lease-up history means no short-term vacancies to worry about and no expensive marketing or renovation costs on the immediate horizon. The property’s vintage 1970 construction speaks to its solid, durable build, and with all units currently generating consistent rental income, this offering provides an investor with a truly hassle-free acquisition. Whether you are expanding your portfolio or acquiring your first multifamily asset, this 4-plex delivers the rare combination of immediate returns, low risk, and long-term appreciation potential. Schedule your private showing today—a property with this level of tenant stability will not last long on the market.

Features
Appliances:
Refrigerator, Electric Stove
Address Map
State:
Alberta
County:
Big Lakes County
City:
High Prairie
Zipcode:
T0G 1E0
Street:
54th Avenue
Street Number:
5012
Floor Number:
0
Longitude:
W117° 30' 14.1''
Latitude:
N55° 26' 2.3''
Unparsed Address:
5012 54th Avenue
Direction Faces:
E
MLS Addon
List Office Mls Id:
gpgrasshp

Multi-family For Sale 5012 54th Avenue, High Prairie, Alberta T0G 1E0

5012 54th Avenue, High Prairie, Alberta T0G 1E0

0 Bedrooms
0 Bathrooms
1,840 Sqft
Visits : 1 in 72 days
$249,900
Listing ID #A2327775
Basic Details
Property Type :
Multi-family
Property Sub Type:
4 Plex
Listing Type :
For Sale
Listing ID :
A2327775
Price :
$249,900
Bedrooms :
0
Bathrooms :
0
Half Bathrooms :
0
Square Footage :
1,840 Sqft
Year Built :
1960
Lot Area :
0 Acre
Status :
Active
Days On Market :
1
Agent info
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