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.
Address
4611 50 Street
List Price
$1,599,000
Property Type
Multi-Family
Type of Dwelling
Row/Townhouse
Transaction Type
Sale
Area
Red Deer
Sub-Area
Parkvale
Floor Area
8,488 Sq. Ft.
Lot Size
12450 Sq. Ft.
Year Built
1978
MLS® Number
A2258892
Listing Brokerage
Grand Realty
Postal Code
T4N 2C2
Zoning
R-D
Site Influences
Square Shaped Lot
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