Property Details

Featured in:

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Featured in:

Winners:

5805 56 Avenue
Red Deer (A2294887)

$679,900
1,510 ft²
Note: This property may have a conditional offer. Talk to us for details.
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

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

Description

Turnkey 4-Plex Investment Opportunity in Red Deer Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes. Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants. Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property. The building also offers four dedicated parking stalls for tenant convenience. Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity.

Property details

Basic Info

MLS® #
A2294887
Property Type:
Multi-Family
Subtype:
4 plex
Subdivision:
Riverside Meadows
Price
$679,900
Sale/Lease:
For Sale
Size:
1,510 sq.ft.
Year Built:
1976 (50 years old)

Building Info

Structure Type:
Four Plex
Garage:
No
Fence:
Basement:
No
Inclusions:
4 Microwave Hood fans, 4 Electric stoves, 4 Refrigerators, washer, dryer
Appliances:
Microwave Hood Fan, Refrigerator, Stove(s)

Lot / Land Info

Lot Size:
0.14 acres
Lot Features:
Corner Lot, Rectangular Lot
Zoning:
R-L

Listing Info

Possession:
Immediate,Negotiable
Days on Market:
22
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Your Agent

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

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