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$675,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $310
Subdivision Glendale
MLS® Listing ID A2202512
Originating Board Calgary
Year Built 1975
Annual Tax Amount $5,579
Tax Year 2024
Lot Size 8,373 Sqft
Acres 0.19
Property Sub-Type 4 plex
Property Description
Discover an outstanding investment opportunity in Glendale with an impressive 8.2% CAP RATE and a total of $74,520 per year in gross rents. This exceptional 4-plex is a top performer in Red Deer's thriving rental market, ensuring strong and reliable income along with growth potential. Each unit features 3 bedrooms and 1 bathroom, making them highly appealing to tenants and families! The property boasts NEWER VINYL WINDOWS throughout, enhancing energy efficiency and overall maintenance. Sturdy Metal Siding! Recent renovations have been made in Unit D, and other updates throughout the units. The 2014 asphalt shingle roof is in excellent condition and has plenty of life remaining. Each unit is individually metered, and tenants cover ALL UTILITIES, which significantly increases this properties performance as an investment. Located on a quiet residential street, this oversized 8,373 sq ft lot is uniquely positioned as the only 4-plex in the block. It offers a private rear parking area with powered stalls and additional street parking for convenience. Residents will enjoy easy access to parks, schools, shopping, downtown, and major highways, which makes this location highly desirable. With consistent tenancy and the growing appeal of Red Deer due to its strong job market and affordability, this turn-key property presents an incredible investment with solid potential for growth. Don't miss your chance to acquire this high-performing, hassle-free asset!
Location
Province AB
County Red Deer
Zoning R2
Interior
Inclusions Dryer x4 / Fridge x4 Stove x4, Washer x4, Window Coverings
Exterior
Parking Features Off Street, Parking Pad
Garage Description Off Street, Parking Pad
Total Parking Spaces 6
Others
Restrictions None Known
Tax ID 91735290
Ownership Private
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Listed by Real Broker