4413 51 Avenue, Red Deer, AB - MLS # CA0123804

4413 51, Red Deer, AB T4N 4G8

Quick Summary

Price
$1,599,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
4413 51 Avenue
Possession:
30 Days / Neg
Tax Amount:
14599 / 2017

Lot Summary

Lot Shape:
Irregular
Sewer:
Municipal
Water Source:
Municipal

Rental Summary

Number of Units:
18
Two Bed Units:
3
One Bed Units:
9
Two Bed Units:
6
Annual Operating Expense:
77278
Gross Scheduled Income:
163200
Gross Operating Income:
151844
Power System Paid:
Paid
Gas System Paid:
Paid

Building Summary

Year Build:
1958
Construction Material:
Frame - Wood,Stucco
Foundation Details:
Concrete
Roofing:
Tar & Gravel
Flooring:
Carpet,Linoleum
Heating:
Boiler,Natural Gas,Radiant
Heating Fuel:
Natural Gas
Flooring:
Carpet,Linoleum

Building Features

Exterior Features:
Balcony
Inclusions:
18 fridges, 18 stoves, 2 coin operated washers and dryers, 2 garden sheds

Parking Features

Parking Total:
20
Features:
Parking - Plug-In,Visitor Parking

Property Description

County / Parish: Red Deer County, Alberta
Zoning: R3

Carefully maintained apartment complex just two blocks from the Red Deer Regional Hospital on a quiet, treed lot backing onto Waskasoo Creek. Easy walk to either the hospital or downtown. 3 bachelor, 6-2br, 9-1br suites in 2 buildings. 12 suite apartment was built in 1958 and the 6 suite approx. 1977. All suites are large and the penthouse suite in the 6 suite building has a loft and rooftop patio. Property has been mostly full over the past 3 years and is currently 100% occupied. All suites but one have been refreshed over the past few years with paint and flooring and mechanical systems are in good operating condition.

Listed By RE/MAX Real Estate Central Alb

Map

Walk Score

Financial Summary

Heating Expense:
22257
Insurance Expense:
5040
Maintenance Expense:
21700
Professional Management Expense:
9111
Other Expense:
19170
Net Operating Income:
74566
Gross Operating Income:
151844
Gross Scheduled Income:
163200
Power System Paid:
Paid
Total Actual Rent:
158304
Total Annual Operating Expense:
77278

Agent on Duty


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