4611 50 Street, Red Deer, Alberta T4N 2C2 New

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$1,399,000

Highlights

$1,399,000

Price

8488 sqft

Lot

For sale

Status

A2295424

MLS® ID

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. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2295424
    • Price $1,399,000
    • Square Footage: 8488 sqft
    • Property Type: Multi-Family
    • Community Name: Parkvale
    • Parking Space Total 8
    • Plan 9320094

    Buildings

    Appliances Refrigerator, Stove, Washer & Dryer Constructed Date 1978
    Construction Style Attachment Attached Stories Total 2
    Size Interior 8488 Sqft Total Finished Area 8488 Sqft
    Type Multi-family

    Land

    Acreage No Size Irregular 12450.00
    Size Total 12450 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) Size Total Text 12450 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
    Zoning Description R-d

    Agents and Offices

    • Yu jing Li
    • Office: Grand Realty

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