For sale

4746 55 Street, Red Deer, Alberta T4N 2J1

MLS® # A2312434

Price:

$3,500,000

Description

Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:51913)


Property Details

  Multi-Family
 14696 sqft

Key Details

STATUS
For sale
TYPE
Multi-Family
BUILT IN
1975

Property Features

  • MLS® Number A2312434
  • Price $3,500,000
  • Square Footage: 14696 sqft
  • Property Type: Multi-Family
  • Community Name: Downtown Red Deer
  • Plan K1

Buildings

ConstructedDate 1975 SizeExterior 14696 Sqft
SizeInterior 14696 Sqft TotalFinishedArea 14696 Sqft
Type Multi-family

Land

Acreage No SizeIrregular 20000.00
SizeTotal 20000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) SizeTotalText 20000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
ZoningDescription R-h

Agents and Offices

  • Tyler Remington
  • Office: Real Broker
Address
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