4611 50 Street, Red Deer, Alberta T4N 2C2

Listed for:
$1,599,000
0 beds
0 baths
Listed 52 days ago
Multi-Family for rent: 4611 50 Street, Red Deer, Alberta T4N 2C2

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Learn more about this property
Listing provided by:
Grand Realty
MLS® number:
A2258892
Agent:
Yu Jing Li
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About

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. (id:27476)

Property Highlights

MLS® Number
A2258892
Type
Multi-family
Community Name
Parkvale
Ownership Type
Freehold
Land Size
12450 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Parking Space Total
8

Building

Building Type
Multi-Family
Storeys
2.00
Square Footage
8488 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location