1-9, 5963 60 A Street Red Deer, Alberta T4N 6A4
$1,090,000
This fully rented 9-suite apartment building is an excellent investment opportunity, offering immediate cash flow and stable rental income. The building consists of eight spacious units, each with two bedrooms and a 4-piece bath, as well as one cozy 1-bedroom unit. Six of the units feature private balconies, adding extra appeal for tenants and boosting rental value. The location is highly desirable, with three schools—Fairview, GH Dawe, and Gateway School— close by making it ideal for families. Tenants will also benefit from the nearby bus stop and an abundance of local amenities within 5-10 minutes drive, including shopping, parks, and restaurants, ensuring convenience and a strong demand for the units. This property is a rare find, offering both stability and growth potential for the savvy investor. (id:57810)
Property Details
| MLS® Number | A2164763 |
| Property Type | Multi-family |
| Community Name | Riverside Meadows |
| ParkingSpaceTotal | 9 |
| Plan | 7621574 |
Building
| Appliances | Washer, Refrigerator, Stove, Dryer, Hood Fan |
| ConstructedDate | 1976 |
| ConstructionStyleAttachment | Attached |
| FlooringType | Hardwood, Tile |
| FoundationType | Poured Concrete |
| StoriesTotal | 2 |
| SizeInterior | 5085 Sqft |
| TotalFinishedArea | 5085 Sqft |
| Type | Apartment |
Land
| Acreage | No |
| SizeIrregular | 11326.00 |
| SizeTotal | 11326 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| SizeTotalText | 11326 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| ZoningDescription | R1 |
https://www.realtor.ca/real-estate/27410009/1-9-5963-60-a-street-red-deer-riverside-meadows
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September 18 2024 03:08:14
Central Alberta REALTORS® Association
Exp Realty
