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$ 650,000
Est. payment /mo
New
6323 59 Avenue Red Deer, AB T4N5P9
1,806 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,806 sqft
Price per Sqft $359
Subdivision Highland Green Estates
MLS® Listing ID A2279308
Year Built 1974
Lot Size 7,257 Sqft
Acres 7257.0
Property Sub-Type Freehold
Property Description
This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Central heating, Forced air,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Others
Ownership Freehold
Listed by Real Broker