5120 42 Street, Olds, Alberta

About 5120 42 Street

Short Term Leases in Effect, Ideal if you wish to take possession of the top or bottom, or rewrite the leases for long term if your looking for a great investment opportunity in Olds Alberta which caters to the local College residential needs! Fully leased up/down duplex with one of the most attractive floorplans offered. Custom built Brinkler home is a step above your usual idea of a duplex!!! Unit A (upper) is stunning with its birch engineered hardwood floors, feature stone fireplace and open concept kitchen, dining and living area. Lots of storage with a massive walk in pantry! Vaulted ceilings, 2 bedrooms and unique 2pc privacy bathroom with cheater door to an amazing 5 pc full bath with a jetted tub and double shower heads and his and her sinks you will also enjoy. There is a dedicated home office/den with built in desk, cabinets and lots of natural window lighting. Large great room over the garage is ideal for movie nights or keeping the kids out of your hair! The tenant in this unit also benefits from a full rear deck and attached double garage, drywalled and insulated. This suite rents for $1800 and the tenant pays their utilities. Unit B (lower duplex) is a very pleasant 2 bedroom bi-level lower legal suite with full sunshine windows with a full bath, separate walk out entrance and they currently enjoy the use of the rear yard and off street parking. This suite rents for $1100/ month and the tenant pays their own utilities. Each unit is serviced with their own laundry rooms. This very attractive duplex would also be perfect for someone wanting a show stopper home with a mortgage helper or cash flow opportunity from the lower suite. Additional extras include newer 2 year old shingles on the house, and new hot water tank in the lower legal suite and 3 yr old washing machine upstairs. The current owner has always been responsive and caring towards his tenants and has addressed any tenant concern or request for repair immediately! You will be getting an extremely well maintained property and there is even an extra INVESTOR BONUS! SELLER WILL PROVIDE A $5,000 CASH BACK PAINT ALLOWANCE ON CLOSE OF SALE!! The seller uses a professional management company, but you can always increase your net profits by self managing! Immediate possession is available with assumption of tenancies, Tenants rights apply! Immediate income! Don't hesitate to add this one of a kind property to your investment portfolio, Book a viewing today!

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