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$700,000
Est. payment /mo
2,171 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 2171.04
Square Footage 2,171 sqft
Price per Sqft $322
Subdivision Eastview Estates
MLS Listing ID A2251956
HOA Y/N No
Year Built 1982
Property Sub-Type 4 plex
Property Description
7.4% Stabilized CAP Rate! $6,250/mo in gross rents! An exceptional investment opportunity awaits at Eastview Estates! This well-maintained 4PLEX offers Bi-Level units, each with 3 Bedrooms, 1 Bath, Kitchen, Dining, Living Room, separate Laundry, and a balcony. Two units have been FULLY RENOVATED in the last year (NEW KITCHEN, APPLIANCES, DOORS, FLOORING, PAINT, BATHROOM, PATIO DOORS, WINDOWS, ETC , bringing a fresh modern appeal, while NEWER WINDOWS throughout the 4PLEX enhance energy efficiency and aesthetics. Each unit includes 2 designated PAVED PARKING STALLS for tenants' convenience. Tenants have FRESH LEASES in place and are responsible for individual electrical and heating costs. With gross monthly revenue at $6,250 and all four units currently rented with tenants eager to stay, this property promises a stable and lucrative income stream. Nestled in the vibrant community of Eastview Estates in Red Deer, the property is located just off 30 Ave and less than 200 meters from a transit stop, offering a prime location with superb transportation access. Known for its friendly neighbourhood atmosphere, Eastview Estates provides residents with access to parks, schools, and shopping, enhancing the appeal for renters seeking convenience and lifestyle.
Location
Province AB
County 0262
Zoning R-M
Interior
Inclusions Fridge (x4), Stove (x4), Range Hood (x4), Washer(x4), Dryer (x4)
Fireplace No
Exterior
Total Parking Spaces 8
Garage No
Building
Dwelling Type Four Plex
Others
Restrictions None Known
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