4817 52 ST Pending Save Request In-Person Tour Request Virtual Tour
Olds,AB T4H 1G2
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 866.62
Square Footage 866 sqft
Price per Sqft $750
MLS Listing ID A2251704
Style Attached-Side by Side,Bi-Level
HOA Y/N No
Year Built 1975
Property Sub-Type 4 plex
Property Description
CASH FLOWING Pair of 4-Plexes with UNDERVALUED RENTS and ENORMOUS UPSIDE POTENTIAL! Two side by side fourplexes situated just steps from Olds College, an active investment playing field. Each building offers four bi level two bedroom, one bathroom units with independent furnaces and hot water tanks, most of which have been updated within the past five years. This keeps utility costs efficient and places responsibility directly with each tenant. Olds is a small but steadily growing town, nearing 10,000 residents in 2024 with a 3.3% population increase year over year and 6.2% growth over five years. Demand for rentals is strong, with Olds College enrollment climbing more than 31% when combining domestic and international growth. The town's vacancy rate is just 0.6%, which means consistent tenancy and premium potential with turnover. Each fourplex comes with four dedicated parking stalls and has maintained 100% occupancy for over 15 years. Current rents are below market, offering a rare value add play. Whether you preserve income with existing leases or refresh units to push rents higher, this is a cash cow that can scale. These properties are directly aligned with trending demographics. Olds is projected to keep growing by more than 9% every five years through 2041, and its location within the Calgary to Edmonton Corridor provides long term economic stability and future upside. Please contact directly to book your private viewing today.
Location
Province AB
County 0226
Zoning R3
Rooms
Basement Separate/Exterior Entry,Finished,Full,Suite
Interior
Interior Features Ceiling Fan(s)
Heating Forced Air,Natural Gas
Cooling None
Flooring Carpet,Laminate,Linoleum
Inclusions Refrigerator (X4), Stove-Electric (X4), Washer (X4), Dryer (X4), Dishwasher (X1), Window-Coverings-All
Fireplace No
Exterior
Parking Features Alley Access,Parking Lot,Stall
Carport Spaces 4
Roof Type Asphalt Shingle
Total Parking Spaces 4
Garage No
Building
Dwelling Type Four Plex
Story 2
Foundation Poured Concrete
Architectural Style Attached-Side by Side,Bi-Level
Level or Stories Bi-Level
New Construction No
Others
Restrictions None Known
Virtual Tour https://youriguide.com/3_4809_52_st_olds_ab/