+14 more
14,696 sqft
Living Area
20,000 sqft
Lot
1975
Year Built
About This Property
This multi-family in Red Deer offers 14,696 sqft of living area on a 20,000 sqft lot. Built in 1975. The property has lot dimensions of 20000.00.
MLS Remarks
Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:60351)
Overview
Property Typeresidential
Sub-Typemulti-family
Ownership
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