5807 60A Street, Red Deer, AB - MLS # CA0109695

5807 60A, Red Deer, AB T4N 2R1

Quick Summary

Price
$850,000
Type:
Multi-Family
Sub Type:
Eightplex
Title:
5807 60A Street
Possession:
Immediate,Subject To Tenancy
Tax Amount:
6905 / 2017

Lot Summary

Lot Width:
125
Lot Depth:
130
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Rental Summary

Number of Units:
6
One Bed Units:
1
Two Bed Units:
7
Annual Operating Expense:
34777
Gross Scheduled Income:
80700

Building Summary

Year Build:
1976
Construction Material:
Cedar,Concrete,Frame - Wood,Insulation - upgraded,Shingles,Wood
Foundation Details:
Concrete Block
Roofing:
Asphalt,Flexible Membrane
Flooring:
Carpet,Laminate,Linoleum
Heating:
Boiler
Heating Fuel:
Natural Gas
Flooring:
Carpet,Laminate,Linoleum

Building Features

Exterior Features:
Balcony
Inclusions:
8 Stoves, 8 Fridges, 1 Washer, 1 Dryer, all window covering belonging to seller, storage shed.

Parking Features

Parking Total:
9
Features:
Off Street Parking,Parking Pad,Front Parking,Rear Parking

Unit Summary

Type Furnished Baths Beds Appliances Rent
Two Bedroom 1 2 Fridge, Stove
One Bedroom 1 1 Fridge, Stove

Property Description

County / Parish: Red Deer County, Alberta
Zoning: R2

Fabulous opportunity to own this income producing 8 suite apartment building on a nice maturely treed lot with R2 zoning and possible future expansion potential. This apartment has 8 units in total consisting of 7 two bedroom suites and one 1 bedroom suite. All suites have natural wood fireplaces. There is plenty of off street parking and a large rear parking pad with 9 stalls. The roof was redone in approximately 2005 and additional insulation was added approximately 3 years ago. The boiler and hot water tank were also replaced, repaired approximately 3 years ago. Common washer/dryer in a separate room provide additional income. Average rent for the 2 bedroom suites is $850 per month and $775 for the one bedroom suite.

Listed By RCR - Royal Carpet Realty Ltd.

Map

Walk Score

Financial Summary

Insurance Expense:
2706
Gross Scheduled Income:
80700
Total Annual Operating Expense:
34777

Agent on Duty


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