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 offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.
Listed by Real Broker

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type 4 plex

    Listing Status Active

    Purchase Type For Sale

    Approx. Sqft 1806.0

    Square Footage 1, 806 sqft

    Price per Sqft $359

    Subdivision Highland Green Estates

    MLS Listing ID A2279308

    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, Finished

  • Building

    Dwelling Type Four Plex

    Foundation Poured Concrete

  • Interior

    Heating Central, Forced Air, Natural Gas

    Cooling None

    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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