4746 55 Street, Red Deer, AB, T4N 2J1

CAD 3,500,000

For Sale MLS: A2312434

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Property Details

Property Type

Multi Family

Description

Property Details: - Type: Multi Family - Bedrooms: 0 - Bathrooms: 0 - MLS#: A2312434 Listed By: REAL BROKER

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. This multi family listing located at 4746 55 Street, Red Deer is currently for sale and has been available on Zolo.ca for 2 days. The property was built in 1975. 4746 55 Street, Red Deer is in the Downtown Red Deer neighborhood Red Deer. Coloniale Estates is a nearby neighborhood.

Location

Address

4746 55 Street, Red Deer, AB, T4N 2J1

City

Red Deer

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