52.274403 -113.82489

5614 55 Street Red Deer, AB T4N 2J6

243877103 52.274403 -113.82489 788 /listing/243877103-150112832/5614-55-street-red-deer-ab-t4n-2j6 False 0 1150000.0 105 CA0171269 False
  • $1,150,000
  • 125.00X120.00 lot

Property & Neighborhood Info

Courtesy Of Century 21 Advantage

Multi-Family in Red Deer

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.

Courtesy Of Century 21 Advantage
  1. 125.00X120.00 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1963
  • County: Red Deer
  • Taxes: $10,267.00
  • Tax Year: 2018
  • Units: 12
  • Zoning: R2
  • MLS® Number:CA0171269

Additional Features

  • Flooring:
    • Carpet
    • Linoleum
  • Construction:
    • Frame - Wood
  • Property Sub Type:
    • Low Rise (1-4 Floors)
  • Roof:
    • Tar & Gravel
  • Foundation:
    • Concrete
  • Lot Description:
    • Standard
  • Parking:
    • 110 Volt Wiring
    • Parking - Extra
    • Parking - Plug-In
    • Parking Space(s)
    • Public Parking
    • Rear Parking
    • Visitor Parking
  • Parking Spaces:
    • 20
  • Heating:
    • Baseboard heaters
    • Boiler
    • Natural Gas
  • Annual Expenses:
    • 50000.00
  • MLSSystem ID:
    • Central Alberta
  • Possession:
    • Negotiable
Neighborhood info courtesy of Homes.com © 2019
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RE/MAX real estate central alberta - Lacombe
(403) 782-4301
101, 5035 - 50th Street Lacombe AB T4L 1X9
no name available RE/MAX real estate central alberta - Lacombe
52.274403 -113.82489

5614 55 Street Red Deer, AB T4N 2J6

243877103 52.274403 -113.82489 788 /listing/243877103-150112832/5614-55-street-red-deer-ab-t4n-2j6 False 0 1150000.0 105 CA0171269 False
  • $1,150,000
  • 125.00X120.00 lot