55 Street Unit 4746

For Sale New 31 hours
$3,500,000
beds
baths
14,696 Sqft

55 Street Unit 4746

For Sale New 31 hours
$3,500,000
beds
baths
14,696 Sqft

Highlights

Key insights

Description

  • Home value ($/Sqft)
    $238/Sqft
  • Time on Houseful
    new 31 hours
  • Property type
    Multi-family
  • Year built
    1975
  • Mortgage payment

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:63267)

Tyler Remington of Real Broker,
#A2268015
updated 1 day ago.
Houseful checked MLS® for data 1 day ago.

Home overview

Location
  • Subdivision
    Downtown red deer
Lot/ Land Details
  • Lot dimensions
    20000
Overview
  • Lot size (acres)
    0.4699248
  • Building size
    14696
  • Listing #
    A2268015
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/29055085/4746-55-street-red-deer-downtown-red-deer
  • 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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$-9,333

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25 Years fixed, 20% down payment, % interest
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