5614 55 Street, Red Deer

$1,150,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

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® #CA0171269
Price$1,150,000
Acres0.00
Year Built1963
TypeMulti-Family
Sub-TypeLow Rise (1-4 Floors)
StatusActive
Community Information
Address5614 55 Street
CityRed Deer
CountyRed Deer County
ProvinceAB
Postal CodeT4N 2J6
Amenities
Parking Spaces20
Parking

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

Interior
HeatingBaseboard heaters, Boiler
Exterior
Lot Description125.00X120.00
RoofTar & Gravel
ConstructionFrame - Wood
FoundationConcrete
Additional Information
ZoningR2
Listing Details
OfficeCentury 21 Advantage
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