14d • General discussion
Deal Flow Friday!
Members! I'm going to start posting a listing each week that I think is a great deal for an arbitrage unit to pick up.
For now, these will just be listings within Calgary, but if you ever have a city you want me to do one on just comment below!
Deal Flow Friday: 4 Bedroom Duplex in West Hillhurst
This is a newly built duplex in West Hillhurst which is a banger location for these types of larger properties.
A few things stand out in this listing
First, the price. $3,800/month for a 4 bedroom is a great deal! You can easily pull in $6K - $8K year round average on 4 bedrooms townhomes/duplexes.
This property likely does $12,000/month in June/July, August avg if it's set up right. They also have internet included already which save you another $100ish/mont
Second, it's brand new, never lived in before, newly built which means all the appliances will have warranty on them for next 1 - 3 years (saves you and owner headache) and it means they want to get it off their hands since they'll have holding costs on it.
Third, it looks like the owner listed it, the photos are low quality phone photos, doesn't really showcase the place well. An owner is just trying to get it off his hands and you can be that solution.
I guarantee this property is a lot nicer in person based on the photos, and in a great area. But since he has poor photos, it'll be harder for him to attract a regular tenant (regular tenants will discount this listing and thinks it's not as nice of a spot simply because of the photos)
But as a Host/Operator we see through that and have a vision for what we can do with the place.
Fourth, the layout and amenities:
- Double car detached garage is a huge plus!
- Laundry is upstairs by the bedrooms (massive for your cleaners and saving time, also preferred by guests)
- Basement has it's own wet bar area - great for setting up a cozy space for your guests to hangout.
- There's great storage and pantry cabinets in the kitchen which is a huge plus for longer term stays.
This is a certified banger and could be yours today, call them and ask if they'd be open to renting for 5 years and you'll get it closed in no time!
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Deal Flow Friday!
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