Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering.
Address
3809-3813 50 Street
List Price
$1,375,000
Property Type
Commercial
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Red Deer
Sub-Area
Eastview
Year Built
1986
MLS® Number
A2256418
Listing Brokerage
RE/MAX real estate central alberta
Postal Code
T4N 1W1
Zoning
R-M
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