LOADING

1-16, 4750 55 Street Red Deer, Alberta T4N 2J1

7300 Sqft
Low Rise None Baseboard Heaters, Hot Water

$1,360,000

If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces. Current gross income is at $10,320 with room for growth. Several long term tenants. (id:57594)

Property Details

MLS® Number A2179270
Property Type Multi-family
Community Name Waskasoo
Amenities Near By Park, Schools, Shopping
Features Back Lane, Parking
Parking Space Total 19
Plan K1
Total Buildings 1

Building

Appliances Washer, Refrigerator, Stove, Dryer
Architectural Style Low Rise
Constructed Date 1963
Construction Style Attachment Attached
Cooling Type None
Flooring Type Carpeted, Linoleum, Vinyl Plank
Heating Type Baseboard Heaters, Hot Water
Stories Total 4
Size Interior 7300 Sqft
Total Finished Area 7342.25 Sqft
Type Apartment
Utility Water Municipal Water

Land

Acreage No
Fence Type Not Fenced
Land Amenities Park, Schools, Shopping
Sewer Municipal Sewage System
Size Irregular 10000.00
Size Total 10000 Sqft|7,251 - 10,889 Sqft
Size Total Text 10000 Sqft|7,251 - 10,889 Sqft
Zoning Description R3

Utilities

Cable Available
Electricity Connected
Telephone Available
Sewer Connected
Water Connected