Rooming House Investment Property Ogden SE

$519,900 - 3,100 Square Foot Property - 11 Bedrooms, 4 bath - Weekly Rental Cash Flow Property - Fully Furnished - Close to Transit - Includes Complete Rental Systems -

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Many Real Estate guru’s have stated that rooming house properties are the quickest and easiest method for beginning investors to take advantage of the real estate market and to start increasing their cash flow, so here is your chance to get started. If you started from scratch to supply everything you need to get properties like this up and running would cost you a considerable amount of time and money, but we are providing this and the experience of our systems, advertising and referrals to provide you an accelerated boost to your immediate earnings.

This opportunity is to pass on a completely furnished shared accommodation property in Calgary to someone interested in increasing his or her monthly rental cash flow significantly. By significantly we are talking $2,000 to $4,000 per month, dependent on how much work you want to put in.This opportunity was passed onto us four years ago and now it is our turn to share it with someone else.

This full duplex has 11 rooms that currently rent out at rates of $170 per week or higher or $600 per month or higher. If you rent all 11 rooms out at $600 per month that works out to be $6,600 gross rent.  If you were to convert them all to $170 per week, that works out to a gross monthly income of over $8,000. This is an opportunity you will not want to miss out on if you have been looking for the ultimate cash flowing income property.

Located in the SE district of Ogden it is ideally located near Foothills Industrial park, Quarry Park and the other popular job sites in SE Calgary that attract workers. With transit a block in either direction and plenty of parking it is ideal for everyone.

We have made a significant amount of income on this property, but it is time for someone else to take over to help him or her also move to the next level in Real Estate investing as we did. We will include all the furnishings, all of our systems that we have worked on and improved over the last several years and we will also forward repeat clients who contact us to you.

For the full property complete with 11 furnished rooms that include single or double beds (size of the room dependant), color TV’s in each room and living room, dressers, linens, alarm clocks, kitchens stocked with dishes, living room furniture and appliances including washer and dryer, we are looking at a price of only $519,000. There may be an opportunity to provide a 10% VTB to the right person, so if you think you may be the right person for this opportunity call us today.

If you are ready to start 2010 on the ground and running contact Bill at bill@housez.ca or via phone at 403-870-4663.