6323 59 Avenue, Red Deer, Alberta T4N 5P9

Listed for:
$650,000
0 beds
0 baths
Listed 32 days ago
Multi-Family for rent: 6323 59 Avenue, Red Deer, Alberta T4N 5P9

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About

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns. (id:27476)

Property Highlights

MLS® Number
A2279308
Type
Multi-family
Community Name
Highland Green Estates
Ownership Type
Freehold
Land Size
7257 sqft|7,251 - 10,889 sqft
Parking Space Total
5

Building

Building Type
Multi-Family
Square Footage
1806 sqft
Fireplace Present
No
Basement Type
Full (Finished)
Basement Features
Building Heating Type
Central heating, Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Location

Learn more about this property
Listing provided by:
Real Broker
MLS® number:
A2279308
Agent:
Benjamin A. Sweet
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