4746 55 Street

Red Deer  AB  T4N 2J1
MLS®A2312434
  • $3,500,000
  • For Sale
4746 55 Street
Red Deer  AB  T4N 2J1
MLS®A2312434
$3,500,000
For Sale

Description

Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning.

Features

  • Lot Size: 20000.00 Square Feet
  • Floor Space (approx): 14696.00 Square Feet
  • Built in: 1975
  • Zoning: R-H
  • Zoning Type R-H
  • Lot Size 20000.00 FEETSQ
  • Floor Space 14696.00 FEETSQ

Courtesy of: Real Broker