4611 50 Street, Red Deer, AB, T4N 2C2

Property Details: - Type: Row / Townhouse - Bedrooms: 0 - Bathrooms: 0 - MLS#: A2295424 Listed By: GRAND REALTY

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24-hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long-term investment or can sell individually in future. $250/unit/month condo fee currently. $9000/month is the rent income. We have tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. This row / townhouse home located at 4611 50 Street, Red Deer is currently for sale and has been available on Zolo.ca for 0 day. This property is listed at $1,399,000 with an estimated mortgage of $5,149* per month. It has beds, bathrooms, and is 8,488 square feet. The property was built in 1978. 4611 50 Street, Red Deer is in the Parkvale neighborhood Red Deer.