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3500-3508 48 Avenue Red Deer, Alberta T4N 3S3

2100 Sqft
Bi-Level

$859,900

A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. For more photos, interactive video and drone see MLS A2158142 (id:57594)

Property Details

MLS® Number A2168543
Property Type Multi-family
Community Name South Hill
Parking Space Total 8
Plan 3500-48

Building

Architectural Style Bi-level
Constructed Date 1994
Construction Style Attachment Attached
Flooring Type Other
Foundation Type Wood
Size Interior 2100 Sqft
Total Finished Area 2114 Sqft
Type Multi-family

Land

Acreage No
Size Total Text Unknown
Zoning Description R2