INVESTMENT OPPORTUNITY (PARKVALE)......double down on this investment.... positive cash flow monthly, this character home is in a Great location sitting on double lot with a Legal suite! 1 block to the east your at Red Deer's finest trail system , 1 block to the west is the Recreation and Culture Center. Main floor home is 2 bedrooms 1 bath, spacious living room with a free standing wood stove and loads of natural light from the large picture window just recently painted. The basement is suited with 1 bedroom 1 bath and tenant occupied .(Rent 700.00 ) Situated on a double lot , scads of privacy and backs on to park. Rental potential for 1000.00 pm main floor . Income Maker: 20% (50,000) down is $1001.00 pm (variable 3.50%@25 years) rent for 1700.00 profit of $700.00 per month (less utility's) Still positive cash flow. Option 2....is live on the main floor have a great MORTGAGE HELPER!!
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