3809-3813 50 St

For Sale New 4 Days
$1,424,000
beds
baths
3,620 Sqft

3809-3813 50 St

For Sale New 4 Days
$1,424,000
beds
baths
3,620 Sqft

Highlights

Key insights

Description

Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering. (id:63267)

Paul Jones of RE/MAX real estate central alberta,
#A2256418
updated 2 days ago.
Houseful checked MLS® for data 2 days ago.

Home overview

Amenities / Utilities
  • Heat type
    Forced air
Exterior
  • Construction materials
    Wood frame
Location
  • Subdivision
    Eastview
Overview
  • Lot size (acres)
    0.0
  • Building size
    3620
  • Listing #
    A2256418
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28851645/3809-3813-50-street-red-deer-eastview
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-3,797

/ Month
25 Years fixed, 20% down payment, % interest
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