$2,378,300
101-306, 5812 57 Avenue
Riverside Meadows · Red Deer · Alberta
MLS® A2355988 · Active · Multi-family
Property photographs
About this property
INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:65883)
Property summary
- Property type
- Multi-family
- Building type
- Apartment
- Neighbourhood
- Riverside Meadows
- Postal code
- T4N4S4
- Year built
- 1980
- Living area
- 8412 square feet
- Lot size
- 624 square feet
- Ownership / common interest
- Freehold
Heating & cooling
- Heating
- Natural gas, Other
- Cooling
Building & parking
- Stories
- 3
- Basement
- Foundation
- Poured Concrete
- Roof
- Construction
- Parking
- Parking spaces
- 20
Appliances & services
- Appliances
- Refrigerator, Dishwasher, Stove
- Zoning description
- R-L
Location
Listing courtesy of RCR - Royal Carpet Realty Ltd.. MLS® A2355988.
Listing last updated:
Prices are in Canadian dollars. Confirm sale or lease terms, measurements, fees, taxes and availability. MLS® and REALTOR® are trademarks of CREA.