4746 55 Street, Red Deer, Alberta T4N 2J1

Listed for:
$3,500,000
0 beds
0 baths
Listed 5 days ago
Multi-Family for rent: 4746 55 Street, Red Deer, Alberta T4N 2J1

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Listing provided by:
Real Broker
MLS® number:
A2268015
Agent:
Tyler Remington
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About

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. Recent capital improvements include a new roof (2020) 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. (id:27476)

Property Highlights

MLS® Number
A2268015
Type
Multi-family
Community Name
Downtown Red Deer
Land Size
20000 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)

Building

Building Type
Multi-Family
Square Footage
14696 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Location