Attention Real Estate Investors:
Here is a turnkey opportunity to buy a rental property in Regina that comes fully furnished along with a great long term tenant! The unit is currently leased at $1280 per month thru July 2018 and the lease can be transferred over to the new owner.
This revenue property produces very solid positive cash flow (approx $340/month) in addition to another $300 of equity being built up on a monthly basis. So quick math assuming a 20% down payment will return over $7000 per year and that is assuming no appreciation in the property value. This conservatively equates to over 20% return on your money per year!
I have owned this unit for close to 5 years but no longer live in Regina and this is the only reason I am offering to sell this great rental property.
This suite is conveniently located just a couple blocks off Albert Street and is close to Wascana Park as well as all downtown businesses, major banks and crown corporations. Attracting tenants to this cute little suite has never been a difficult task.
Condo fees are approx $315/month
Please call or email to discuss in more detail