Multi-Family
Year Built: 1975
Area: 14696 sqft
4746 55 Street Red Deer, Alberta T4N 2J1
$3,500,000
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. Recent capital improvements include a new roof (2020) 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:51913)
Property Details
| Plan : K1 |
| MLS® Number : A2268015 |
| Property Type : Multi-family |
| Community Name : Downtown Red Deer |
Building
| Constructed Date : 1975 |
| Size Exterior : 14696 Sqft |
| Size Interior : 14696 Sqft |
| Total Finished Area : 14696 Sqft |
| Type : Multi-family |
Land
| Size Total : 20000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Size Total Text : 20000 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Acreage : No |
| Size Irregular : 20000.00 |
| Zoning Description : R-h |
Map
Agents and Offices
- Tyler Remington
- Office: Real Broker
