5805 56 Avenue

4 plex For Sale in Riverside Meadows, Red Deer

$679,900
  • 1,510 Sq. Ft.
  • Built 1976
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Turnkey 4-Plex Investment Opportunity in Red Deer Excellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes. Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants. Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property. The building also offers four dedicated parking stalls for tenant convenience. Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity.
Address
5805 56 Avenue
List Price
$679,900
Property Type
Multi-Family
Type of Dwelling
4 plex
Transaction Type
Sale
Area
Red Deer
Sub-Area
Riverside Meadows
Floor Area
1,510 Sq. Ft.
Lot Size
6250 Sq. Ft.
Year Built
1976
MLS® Number
A2294887
Listing Brokerage
Real Broker
Postal Code
T4N4P9
Zoning
R-L
Site Influences
Corner Lot, Rectangular Lot
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Lime Green Realty Inc

Office: 403-505-0066

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Red Deer AB

The data included in this display is deemed reliable, but is not guaranteed to be accurate by the Central Alberta REALTORS® Association. The Real Estate listing information and related content displayed on this site is provided exclusively for consumers. personal, non-commercial use and, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate.

* Compared to a typical rate of 6% on the first $100,000 and 3% on the balance of the sale price, not applicable for agent or relocation referrals.

* *Get paid up to $1,500 in cash-back when you purchase with Lime Green Realty®. Ask us for details. ***$4,000 flat fee commission only applicable on properties listed up to $600,000. 1% listing commission applicable on properties over $600,000.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            Lime Green Realty® Central is a licensed user of the Lime Green Realty® trademark. Lime Green Realty® is owned by Lime Green Realty Franchising Inc.