About 1423 13 Avenue S
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!
Features of 1423 13 Avenue S
| MLS® # | A2181787 |
|---|---|
| Price | $599,900 |
| Bedrooms | 1 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Square Footage | 1,768 |
| Acres | 0.13 |
| Year Built | 1953 |
| Type | Residential |
| Sub-Type | Duplex |
| Style | Bungalow, Side by Side |
| Status | Active |
Community Information
| Address | 1423 13 Avenue S |
|---|---|
| Subdivision | Agnes Davidson |
| City | Lethbridge |
| County | Lethbridge |
| Province | Alberta |
| Postal Code | T1K 0R6 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Double Garage Detached, Off Street |
| # of Garages | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Laminate Counters, See Remarks |
|---|---|
| Appliances | Electric Range, Refrigerator, See Remarks, Washer/Dryer |
| Heating | Forced Air |
| Cooling | None |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Finished, Full |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Lane, Back Yard, City Lot |
| Roof | Asphalt Shingle |
| Construction | Mixed |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | December 3rd, 2024 |
|---|---|
| Zoning | R-L |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Lethbridge Real Estate.com |
|---|