INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:58126)
| MLS® Number | A2355988 |
| Property Type | Multi-family |
| Community Name | Riverside Meadows |
| Parking Space Total | 20 |
| Plan | 0740377 |
| Appliances | Refrigerator, Dishwasher, Stove |
| Constructed Date | 1980 |
| Construction Style Attachment | Attached |
| Flooring Type | Vinyl Plank |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 3 |
| Size Interior | 8412 Sqft |
| Total Finished Area | 8412 Sqft |
| Type | Apartment |
| Acreage | No |
| Size Depth | 45.11 M |
| Size Frontage | 37.79 M |
| Size Irregular | 624.00 |
| Size Total | 624 Sqft|0-4,050 Sqft |
| Size Total Text | 624 Sqft|0-4,050 Sqft |
| Zoning Description | R-l |
https://www.realtor.ca/real-estate/30470971/101-306-5812-57-avenue-red-deer-riverside-meadows
Contact us for more information
Brad Granlund
Broker
(403) 342-7700
(403) 347-3332
www.rcrrealestate.com/
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