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3835 50 Street, Red Deer, AB - MLS # CA0148217

3835 50, Red Deer, AB T4N 1W1

Quick Summary

Price
$1,200,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
3835 50 Street
Possession:
Immediate
Tax Amount:
9809 / 2018

Lot Summary

Lot Width:
125
Lot Depth:
120
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Rental Summary

Number of Units:
12
One Bed Units:
1
Two Bed Units:
11
Annual Operating Expense:
44295
Gross Scheduled Income:
113040

Building Summary

Year Build:
1962
Construction Material:
Frame - Wood
Foundation Details:
Concrete
Roofing:
Flexible Membrane
Flooring:
Carpet,Linoleum
Heating:
Boiler
Heating Fuel:
Natural Gas
Flooring:
Carpet,Linoleum
Fire Prevention:
Alarm - Automatic,Fire Extinguishers

Building Features

Exterior Features:
Balcony
Inclusions:
12 FRIDGES, 12 STOVES

Parking Features

Parking Total:
12
Features:
Parking Space(s)

Property Description

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

12 suite apartment in excellent rental area on Red Deer’s east end. 11 Two bedroom and 1 One bedroom. Rents are between $750-$850 with most rents being increased to $825 in the future. Gross income of $113,040/year is approximate. Building foot print is 48′ x 64′. Two levels above grade with basement level at half grade. Alley access to ample parking. Property could have condo conversion potential. Complete viewings only with accepted offer in place.

Listed By Royal Lepage Network Realty Corp.

Map

Walk Score

Financial Summary

Gross Scheduled Income:
113040
Total Annual Operating Expense:
44295

Agent on Duty


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