Multi-Family $ 650,000

6323 59 AVE

Red Deer, AB T4N 5P9

  • 1,806 SqFt
  • 7,405 Lot Size
  • 1974 Year Built
This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 4 plex

    Listing Status Pending

    Purchase Type For Sale

    Approx. Sqft 1806.0

    Square Footage 1, 806 sqft

    Price per Sqft $359

    Subdivision Highland Green Estates

    MLS Listing ID A2272222

    Year Built 1974

    Lot Size 7,405 Sqft

    Acres 0.17

    Property Sub-Type 4 plex

  • Location

    Province AB

    Zoning R-M

  • Rooms

    Basement Full

  • Building

    Dwelling Type Four Plex

    Foundation Poured Concrete

  • Interior

    Heating Central, Forced Air, Natural Gas

    Cooling None

    Inclusions Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings

    Fireplace No

    Appliance Dryer, Electric Stove, Refrigerator, Washer, Window Coverings

  • Exterior

    Parking Features Alley Access, Off Street, Stall

    Total Parking Spaces 5

    Garage No

  • Others

    Restrictions None Known

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