52.274403 -113.82489

5614 55 Street Red Deer, AB T4N 2J6

Dawn Parent
Dawn Parent
Associate
101, 5035 - 50th Street Lacombe AB T4L 1X9
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288641020 52.274403 -113.82489 806 /listing/288641020-150112832/5614-55-street-red-deer-ab-t4n-2j6 False 0 949900.0 3143 105 A1067856 False
  • $949,900
  • 5614 55 Street Red Deer, AB T4N 2J6
  • 3,143 sqft
  • 15,000 lot

Property & Neighborhood Info

Courtesy Of Century 21 Advantage

Multi-Family in Red Deer

THIS FULLY TENANTED 12 SUITE APARTMENT BUILDING, features 11 (2) Bedroom suites & 1 (1) Bedroom suite. FORECASTED INCOME W/ 10% VACANCY RATE WILL BRING IN OVER $100,000/YEAR IN GROSS INCOME! 3% Net Cap rate, based on asking price. 2 commercial coin-op washers & dryers. Expenses have been higher than average over the past several years, due to the many upgrades to suites. NEW CARPET, NEW LINOLEUM, FRESH PAINT IN MANY OF THE SUITES, NEW BATHS & more. Not to mention, Roof just resurfaced w/rubber membrane roofing in November of 2019 ($20,000) Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has one designated stall w/ power plug in. Visit REALTORS® website for more details.

Courtesy Of Century 21 Advantage
  1. 3,143 Sq. Ft.
  2. 15,000 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1963
  • County: Red Deer
  • Subdivision: Riverside Meadows
  • MLS® Number:A1067856

Additional Features

  • Flooring:
    • Carpet
  • Condo:
    • Not a Condo
  • Construction Materials:
    • Wood Frame
  • Garageyn:
    • N
  • Property Subtype:
    • Multi Family
  • Property Type:
    • Commercial
  • Roof:
    • Rubber
  • Water Source:
    • Public
  • Parking Features:
    • Plug-In
    • Public Parking
    • Stall
  • Heating:
    • Baseboard
    • Boiler
    • Make-up Air
    • Natural Gas
  • Sewer:
    • Sewer
  • Zoning:
    • R2
  • Title:
    • Fee Simple
  • Bathrooms Total Integer:
    • 0
  • Building Area Total:
    • 3143.09
  • County Or Parish:
    • Red Deer
  • Foundation Details:
    • Poured Concrete
  • Listing Contract Date:
    • 2021-02-08
  • Listing Key:
    • 61639277
  • Lot Size Acres:
    • 0.34
  • Lot Size Square Feet:
    • 15000
  • Parking Total:
    • 20
  • Structure Type:
    • Low Rise (2-4 stories)
  • Subdivision Name:
    • Riverside Meadows
  • Lot Size Dim:
    • 125.00X120.00
Neighborhood info courtesy of Homes.com © 2021