Property Details

Featured in:

Winners:

Featured in:

Winners:

3809-3813 50 Street
Red Deer (A2256418)

$1,424,000
3,620 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering.

Property details

Basic Info

MLS® #
A2256418
Property Type:
Commercial
Subtype:
Multi Family
Subdivision:
Eastview
Price
$1,424,000
Sale/Lease:
For Sale
Size:
3,620 sq.ft.
Year Built:
1986 (39 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Garage:
No
Fence:
Basement:
No
Inclusions:
Shed

Lot / Land Info

Zoning:
R-M

Materials & Systems

Roof:
Asphalt Shingle
Exterior:
Vinyl Siding,Wood Frame
Foundation:
Wood
Heating:
Forced Air

Listing Info

Possession:
Immediate
Days on Market:
12
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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