MLS® A2312434 · Active

4746 55 Street

Red Deer, Alberta

$3,500,000

Source-listed price. Confirm sale or lease terms and availability.

Property photographs

Property details

MLS®

A2312434

Status

Active

Property type

Multi-family

City

Red Deer

Year built

1975

Living area

14696 square feet

Listing brokerage

Real Broker

About this property

Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:65883)

Location

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Listing information provided through CREA DDF®. Listing courtesy of Real Broker. Source attribution · REALTOR.ca

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