Property Details

Featured in:

Winners:

Featured in:

Winners:

4611 50 Street
Red Deer (A2258892)

$1,599,000
8,488 ft²
Loading Listing...

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities.

Property details

Basic Info

MLS® #
A2258892
Property Type:
Multi-Family
Subtype:
Row/Townhouse
Subdivision:
Parkvale
Price
$1,599,000
Sale/Lease:
For Sale
Size:
8,488 sq.ft.
Year Built:
1978 (47 years old)

Building Info

Structure Type:
Other
Garage:
No
Fence:
Basement:
No
Inclusions:
-
Appliances:
Electric Stove, Refrigerator, Washer/Dryer

Lot / Land Info

Lot Size:
0.29 acres
Lot Features:
Square Shaped Lot
Zoning:
R-D

Listing Info

Possession:
Immediate,Negotiable
Days on Market:
1
Related Properties
Share This Listing
Ask About This Property
  • This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Your Agent

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

Email