Property Details

Featured in:

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Featured in:

Winners:

6323 59 Avenue
Red Deer (A2272222)

$650,000
1,806 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

This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.

Property details

Basic Info

MLS® #
A2272222
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Highland Green Estates
Price
$650,000
Sale/Lease:
For Sale
Size:
1,806 sq.ft.
Year Built:
1974 (51 years old)

Building Info

Structure Type:
Four Plex
Garage:
No
Parking:
Alley Access, Off Street, Stall
Fence:
Basement:
Full
Inclusions:
Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings
Appliances:
Dryer, Electric Stove, Refrigerator, Washer, Window Coverings

Lot / Land Info

Lot Size:
0.17 acres
Zoning:
R-M

Materials & Systems

Foundation:
Poured Concrete
Heating:
Central, Forced Air, Natural Gas
Cooling:
None

Listing Info

Possession:
Immediate,Negotiable
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Grassroots Realty Group Ltd.
1-833-477-6687

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