3500-3508 48 Avenue Active Save Request In-Person Tour Request Virtual Tour
Red Deer,AB T4N3S3
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,114 sqft
Price per Sqft $387
Subdivision South Hill
MLS Listing ID A2168543
Style Bi-level
Originating Board Central Alberta REALTORS® Association
Year Built 1994
Property Description
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 Estimated market rent approx. $1500. per month per unit. units are mostly owner occupied there is no rent roll (id:24570)
Location
Province AB
Interior
Heating Forced air
Flooring Other
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 8
Private Pool No
Building
Architectural Style Bi-level
Others
Ownership Freehold