An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .
Address
5617 60 Avenue
List Price
$1,470,000
Property Type
Commercial
Type of Dwelling
Multi Family
Area
Red Deer
Sub-Area
Riverside Meadows
Lot Size
17124 Sq. Ft.
Year Built
1973
MLS® Number
A2175520
Listing Brokerage
Sotheby's International Realty Canada
Postal Code
T4N 4W2
Zoning
R2