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1-16 - 4750 55 St

55 St, Downtown Red Deer, Red Deer, AB, T4N 2J1

-
Baths
7,342
Sq. Ft.
$1,360,000
List Price
Details
Photos
20
Comparables
History
1-16 - 4750 55 St, Red Deer, AB - 1 of 3
1-16 - 4750 55 St, Red Deer, AB - 2 of 3
1-16 - 4750 55 St, Red Deer, AB - 3 of 3
New
2 days on market

Quick Summary

  • Income-generating apartment building
  • Partially updated units with newer flooring
  • Replaced boiler and hot water heater
  • Zero lot line with 19 parking spaces
  • Current gross income of $10,320
  • Several long-term tenants
  • Potential for further growth
  • Sold as-is condition

If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. Boiler has... Show More

If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. Boiler has also been replaced. New hot water heater. Building has a zero lot line and a parking stall with 19 spaces. Current gross income is at $10,320 with room for growth. Several long term tenants. Property is being sold as-is. (id:54626)

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Property Details

Size

7,342 sq. ft.
across 4 floors
0 Beds
0 Baths

Parking

19 Parking Spaces
-

Build

Year Built
1963
Model Name
-
Exterior
-
Builder Name
-
Floors
-
Flooring
Carpeted, Linoleum, Vinyl Plank

Heating & Cooling

Heating
Baseboard heaters, Hot Water
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
A2179270
Last Updated
November 22, 2024
Brokerage
Century 21 Maximum
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