A great start or addition to your investment portfolio, 5 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
Address
3500,3502,3504,3506,3508 48 Avenue
List Price
$999,500
Property Type
Multi-Family
Type of Dwelling
Row/Townhouse
Style of Home
Bi-Level
Area
Red Deer
Sub-Area
South Hill
Floor Area
2,114 Sq. Ft.
Year Built
1994
MLS® Number
A2168543
Listing Brokerage
RE/MAX real estate central alberta
Postal Code
T4N 3S3
Zoning
R2