5610 55 Street, Red Deer, T4N 2J6

Multi-Family - Low Rise (1-4 Floors) For Sale

$1,150,000

Beds
Baths
Sqft
1963Built
MLS® #: CA0153813
Active

100% FULLY TENANTED!! THIS 12 SUITE APARTMENT BUILDING, featuring 11 (2) Bedroom suites (currently at $750/month) & 1 (1) Bedroom suite (Currently at $650/month) BRINGS IN $106,800/YEAR IN GROSS INCOME!. With a 5.4% NET CAP RATE, many upgrades to suites over the years, including NEW CARPET, NEW LINOLEUM, FRESH PAINT, NEW BATHS & more. Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has designated stall w/ power plug in. Visit REALTORS® website for more details.

Essential Information

MLS® #: CA0153813
Price: $1,150,000
Acres: 0.00
Year Built: 1963
Type: Multi-Family
Sub-Type: Low Rise (1-4 Floors)
Status: Active

Community Information

Address: 5610 55 Street
City: Red Deer
County: Red Deer County
Province: AB
Postal Code: T4N 2J6

Amenities

Parking Spaces: 20
Parking: Parking Space(s), Rear Parking, Parking - Extra, Parking - Plug-In, Public Parking, 110 Volt Wiring, Visitor Parking

Interior

Heating: Baseboard heaters, Boiler

Exterior

Lot Description: 125.00X120.00
Roof: Tar & Gravel
Construction: Frame - Wood
Foundation: Concrete

Additional Information

Zoning: R2

Listing Details

Listing Office: Century 21 Advantage

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