$819,600

House For Sale In South Hill, Red Deer, Alberta

$819,600

Property Information:

A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. For more photos, interactive video and drone see MLS A2158142 Estimated market rent approx. $1500. per month per unit. units are mostly owner occupied there is no rent roll

Inclusions: All appliances Stoves(4) Fridges(4) dishwashers(4) Washers(4) Dryers(4)

Building Features:

  • Total Finished Area: 2114.00

Property Features:

  • Architectural Style: Bi-Level
  • Built in: 1994
  • Floor Space (approx): 2114.00 Square Feet
  • Flooring: Other
  • Foundation Details: Wood
  • Heating: Forced Air
  • Parking Features: Off Street, Parking Pad
  • Roof: Asphalt Shingle
  • Zoning: R2

Courtesy of: RE/MAX real estate central alberta

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