4746 55 Street,Red Deer, AB T4N2J1
Red Deer, AB T4N2J1
Description
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:13843)
Details
| MLS # | A2312434 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1975 |
| Days On Site | 155 |
| Listing Provided By | Real Broker | Tyler Remington |
Features
| SQ Feet | 14,696 |
|---|---|
| Zoning | R-H |
| Acreage | 0.46 |
Interior
| Fireplace Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 27860 |
|---|---|
| Tax Block | A |
| Tax Lot | 5-6 |
| Tax Year | 2025 |
Area Information
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N2J1 |
| Community Name | Downtown Red Deer |
| Listing VS Median (in Downtown Red Deer) | |
Price: $3,500,000 low | high Med: $104,900 sqft: 14,696 low | high Med: 576 $ / sqft: $238 low | high Med: $182 On site: 155 low | high Med: 41 | |
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Learn More About This Property
| Province | AB |
|---|---|
| City | Red Deer |
| Postal Code | T4N2J1 |
| Community Name | Downtown Red Deer |
| Listing VS Median (in Downtown Red Deer) | |
Price: $3,500,000 low | high Med: $104,900 sqft: 14,696 low | high Med: 576 $ / sqft: $238 low | high Med: $182 On site: 155 low | high Med: 41 | |
