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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. Visit REALTORS® website for more details.

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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