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4447 35 Avenue Close, Red Deer, AB - MLS # CA0148212

4447 35, Red Deer, AB T4N 2S3

Quick Summary

Price
$1,260,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
4447 35 Avenue Close
Possession:
Immediate
Tax Amount:
9809 / 2018

Lot Summary

Lot Width:
91
Lot Depth:
118
Lot Shape:
Standard

Rental Summary

Number of Units:
12
One Bed Units:
1
Two Bed Units:
12
Annual Operating Expense:
59727
Gross Scheduled Income:
124200

Building Summary

Year Build:
1961
Construction Material:
Frame - Wood
Foundation Details:
Concrete
Roofing:
Metal
Flooring:
Carpet,Linoleum
Heating:
Boiler
Heating Fuel:
Natural Gas
Flooring:
Carpet,Linoleum
Fire Prevention:
Alarm - Automatic,Fire Extinguishers

Building Features

Inclusions:
12 FRIDGES, 12 STOVES

Parking Features

Parking Total:
12
Features:
Rear Parking

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-$850 in the future. Six bay detached garage is each rented separately (1x$175, 1x $150, 4 x $200). Gross income of $124,200/year is approximate. Huge pie lot. Building foot print is 48′ x 64′. Two levels above grade with basement level at half grade. Alley access to ample parking. Property may 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:
124200
Total Annual Operating Expense:
59727

Agent on Duty


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