Address
5614 55 Street Red Deer, AB
Price
$ 949,900
Property Attributes
  • ML#A1067856X
  • TypeCommercial
  • CityRed Deer
  • NeighbourhoodRiverside Meadows
  • Postal CodeT4N 2J6
  • Style
  • Price$ 949,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3143
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Wesley Giesbrecht with Century 21 Advantage
Data Source:
RLP - CREA EN
Property Description

THIS FULLY TENANTED 12 SUITE APARTMENT BUILDING, features 11 (2) Bedroom suites & 1 (1) Bedroom suite. FORECASTED INCOME W/ 10% VACANCY RATE WILL BRING IN OVER $100,000/YEAR IN GROSS INCOME! 3% Net Cap rate, based on asking price. 2 commercial coin-op washers & dryers. Expenses have been higher than average over the past several years, due to the many upgrades to suites. NEW CARPET, NEW LINOLEUM, FRESH PAINT IN MANY OF THE SUITES, NEW BATHS & more. Not to mention, Roof just resurfaced w/rubber membrane roofing in November of 2019 ($20,000) Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has one designated stall w/ power plug in. Visit REALTORS® website for more details.

General Features

Garage no
Listing Type Commercial
Parking yes
Terms SALE
Wheel Chair Access no
Zoning R2

Interior Features

Fireplace no

Exterior Features

Lot Size 15000
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T4N 2J6

Price
AVG $950K
$950K
Visits
AVG 61
117
Year Built
AVG 1963
1963
Walkscore
AVG 35
35
Data Provided by Walkscore ® not using MLS data