For sale

4611 50 Street, Red Deer, Alberta T4N 2C2

MLS® # A2258892

Price:

$1,599,000

Description

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. (id:51913)


Property Details

  Multi-Family
 8488 sqft

Key Details

STATUS
For sale
TYPE
Multi-Family
BUILT IN
1978
PARKING SPACES
8

Property Features

  • MLS® Number A2258892
  • Price $1,599,000
  • Square Footage: 8488 sqft
  • Property Type: Multi-Family
  • Community Name: Parkvale
  • ParkingSpaceTotal 8
  • Plan 9320094

Buildings

Appliances Refrigerator, Stove, Washer & Dryer ConstructedDate 1978
ConstructionStyleAttachment Attached StoriesTotal 2
SizeInterior 8488 Sqft TotalFinishedArea 8488 Sqft
Type Multi-family

Land

Acreage No SizeIrregular 12450.00
SizeTotal 12450 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) SizeTotalText 12450 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
ZoningDescription R-d

Agents and Offices

  • Yu jing Li
  • Office: Grand Realty
Address
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