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5313 48 Avenue Red Deer, Alberta T4N 3V2

11965 sqft

$2,250,000

INVESTMENT OPPORTUNITY! Red Deer 18 Unit Apartment Building AMAZING Investment Opportunity! Excellent opportunity to invest in an 18 unit Apartment Building with a ton of extra's. All units have been upgraded as they become vacant, New Windows in 2016, Hot Water Tank in 2017, Boiler in 2016, Roof in 2012 and Hall Carpets in 2020, Air Exchanger in 2022... All units have separate electrical meters which include their parking stall. Common areas are Air Conditioned, Mix is 8 - 2 bedroom units (820sq ft) and 10 - 1 bedroom units(630 sq ft). There are 2 washers and 2 dryers. There is a Large Storage Room that is 630 sq ft and could be turned into a small gym or additional tenant storage. Excellent Location and Excellent Tenants! (id:56672)

Property Details

MLS® Number A2089961
Property Type Multi-family
Neigbourhood Downtown Red Deer
Community Name Downtown Red Deer
Plan K3

Building

Constructed Date 1979
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Size Exterior 11965 Sqft
Size Interior 11965 Sqft
Total Finished Area 11965 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 15470.00
Size Total 15470 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 15470 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description R3