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5610 55 Street, Red Deer, AB - MLS # CA0135477

5610 55, Red Deer, AB T4N 2J6

Quick Summary

Price
$1,150,000
Type:
Multi-Family
Sub Type:
Low Rise (1-4 Floors)
Title:
5610 55 Street
Possession:
Negotiable
Tax Amount:
9875 / 2017

Lot Summary

Lot Width:
125
Lot Depth:
120
Lot Shape:
Standard

Rental Summary

Number of Units:
12
One Bed Units:
1
Two Bed Units:
11
Annual Operating Expense:
50000
Gross Scheduled Income:
71558

Building Summary

Year Build:
1963
Construction Material:
Frame - Wood
Foundation Details:
Concrete
Roofing:
Tar & Gravel
Flooring:
Carpet,Linoleum
Heating:
Baseboard heaters,Boiler
Heating Fuel:
Natural Gas
Flooring:
Carpet,Linoleum

Building Features

Inclusions:
12- fridges, 12- stoves, 2 commercial washers 2- commercial dryers, storage shed

Parking Features

Parking Total:
20
Features:
110 Volt Wiring,Rear Parking,Parking - Plug-In,Parking - Extra,Parking Space(s),Public Parking,Visitor Parking

Property Description

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

100% FULLY TENANTED!! THIS 12 SUITE APARTMENT BUILDING, featuring 11 (2) Bedroom suites (currently at $750/month) & 1 (1) Bedroom suite (Currently at $650/month) BRINGS IN $106,800/YEAR IN GROSS INCOME!. With a 5.4% NET CAP RATE, many upgrades to suites over the years, including NEW CARPET, NEW LINOLEUM, FRESH PAINT, NEW BATHS & more. Strong potential to add to your rental portfolio, situated over 5 lots (125′ wide) with 20+ stalls for parking. Each unit has designated stall w/ power plug in. Visit REALTORS® website for more details.

Listed By Century 21 Advantage

Map

Walk Score

Financial Summary

Trash Expense:
2400
Electric Expense:
5281
Heating Expense:
4310
Insurance Expense:
3663
Maintenance Expense:
9766
Professional Management Expense:
4106
Gross Scheduled Income:
71558
Laundry Income:
570
Total Annual Operating Expense:
50000

Agent on Duty


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