4750 55 STREET
Red Deer, Alberta T4N 2J1, Canada

MLS#: A2179270

$965,714 USD

CA$1,360,000 CAD

Home/Lot size
682m² (7,342ft²)
The details

Property features

Date Updated: Nov 25, 2024

Construction details

Year built
1963

Other features

Property features
Fireplace

Area

Property size
682m² (7,342ft²)
Land/Lot size
931m² (0.23ac)

Description

If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. Boiler has also been replaced. New hot water heater. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants. Property is being sold as-is.

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Location

4750 55 STREET, Red Deer, Alberta T4N 2J1, Canada
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