Salehian.com 647-325-5000

4746 55 Street

Downtown Red Deer, Red Deer, AB, T4N2J1

Listed by Real Broker

$3,500,000

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  • 14696 sq ft

Listed 154 days ago · MLS® A2312434

About this home

Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:66966)

Details

Type
Multiplex
Size
14696 sq ft
Property tax
$27,860 (2025)
Neighbourhood
Downtown Red Deer
Municipality
Red Deer

Interior

Fireplace
No

Building and exterior

Year built
1975

Location

Location is approximate. See nearby homes on the map

Listed by Real Broker.

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