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$ 1,424,000
Est. payment /mo
New
3809-3813 50 ST Red Deer, AB T4N 1W1
3,620 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,620 sqft
Price per Sqft $393
Subdivision Eastview
MLS Listing ID A2256418
HOA Y/N No
Year Built 1986
Property Sub-Type Multi Family
Property Description
Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering.
Location
Province AB
County 0262
Zoning R-M
Interior
Inclusions Shed
Fireplace No
Exterior
Roof Type Asphalt Shingle
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions None Known
Listed by RE/MAX real estate central alberta
