1-9, 5963 60 A Street Red Deer, Alberta T4N 6A4
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Larry Matira
Associate
$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:43352)
Property Details
| MLS® Number | A2164763 |
| Property Type | Multi-family |
| Community Name | Riverside Meadows |
| Parking Space Total | 9 |
| Plan | 7621574 |
Building
| Appliances | Washer, Refrigerator, Stove, Dryer, Hood Fan |
| Constructed Date | 1976 |
| Construction Style Attachment | Attached |
| Flooring Type | Hardwood, Tile |
| Foundation Type | Poured Concrete |
| Stories Total | 2 |
| Size Interior | 5085 Sqft |
| Total Finished Area | 5085 Sqft |
| Type | Apartment |
Land
| Acreage | No |
| Size Irregular | 11326.00 |
| Size Total | 11326 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text | 11326 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | R1 |
https://www.realtor.ca/real-estate/27410009/1-9-5963-60-a-street-red-deer-riverside-meadows
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Central Alberta REALTORS® Association
Exp Realty
September 18 2024 03:08:14
