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. New hot water tank. 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.
Address
1-16, 4750 55 Street
List Price
$1,360,000
Property Type
Multi-Family
Type of Dwelling
Apartment
Style of Home
Low-Rise(1-4)
Area
Red Deer
Sub-Area
Waskasoo
Floor Area
7,342 Sq. Ft.
Lot Size
10000 Sq. Ft.
Year Built
1963
MLS® Number
A2179270
Listing Brokerage
Century 21 Maximum
Postal Code
T4N 2J1
Zoning
R3
Site Influences
Back Lane, Schools Nearby, Shopping Nearby, Near Shopping Center, Park, Walking/Bike Paths, Sidewalks, Street Lights, Street Lighting, Near Public Transit