5614 55 Street, Red Deer, AB

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$1,150,000 - 5614 55 Street, Red Deer, AB

Century 21 Advantage.

Century 21 Advantage.

THIS 12 SUITE APARTMENT BUILDING, featuring 11 (2) Bedroom suites (currently at $750/month) & 1 (1) Bedroom suite (Currently at $650/month) BRINGS IN $106,800/YEAR IN GROSS INCOME!. With a 5.4% NET CAP RATE, many upgrades to suites over the years, including NEW CARPET, NEW LINOLEUM, FRESH PAINT, NEW BATHS & more. Strong potential to add to your rental portfolio, situated over 5 lots (12...

MLS#CA0171269

$1,150,000

  • 1963 Built

Drew McGinnis403-396-5355

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  • Down Payment
  • $725,000
  • Monthly Payment
  • $2,160

Essential Information

  • MLS® #CA0171269
  • Price$1,150,000
  • Acres0.00
  • Year Built1963
  • TypeMulti-Family
  • Sub-TypeLow Rise (1-4 Floors)
  • StatusActive

Amenities

  • Parking Spaces20
  • ParkingParking - Extra, Parking - Plug-In, Parking Space(s), Public Parking, Rear Parking, 110 Volt Wiring, Visitor Parking

Exterior

  • Lot Description125.00X120.00
  • RoofTar & Gravel
  • ConstructionFrame - Wood
  • FoundationConcrete

Listing Details

  • Listing OfficeCentury 21 Advantage

Community Information

  • Address5614 55 Street
  • CityRed Deer
  • CountyRed Deer County
  • StateAB
  • Zip CodeT4N 2J6

Interior

  • HeatingBaseboard heaters, Boiler

Additional Information

  • ZoningR2
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