1-16-4750 55 Street, Red Deer, AB, T4N 2J1

$1,360,000

MLS® # A2179270

House For Sale In Downtown, Red Deer, Alberta

$1,360,000

Property Information:

If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces. Current gross income is at $10,320 with room for growth. Several long term tenants.

Inclusions: Refrigerator x 15, Stove x 15, Washer, Dryer

Building Features:

  • Total Finished Area: 7342.25

Property Features:

  • Architectural Style: Low-Rise(1-4)
  • Built in: 1963
  • Cooling: None
  • Exterior Features: None
  • Floor Space (approx): 7342.25 Square Feet
  • Flooring: Carpet, Linoleum
  • Heating: Baseboard, Boiler, Hot Water
  • Lot Size: 10000.00 Square Feet
  • Parking Features: Alley Access, Paved, Stall
  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Water Source: Public
  • Zoning: R3
  • Sewer: Public Sewer
  • No. of Parking Spaces: 19

Courtesy of: Century 21 Maximum

Data provided by: Central Alberta REALTORS® Association 4922 45 St., Red Deer, Alberta T4N 1K6
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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