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A2256418 - 3809-3813 50 Street , Red Deer, Alberta T4N 1W1




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Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering.

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ESSENTIAL
MLS®:A2256418
Price:1,375,000.00
Type:Commercial
Sub Type:Multi Family
RestrictionsNone Known
DOM57
INTERIOR SNAPSHOT   
Sq Ft:3,620
Heating:Forced Air


COMMUNITY DETAILS
Address:3809-3813 50 Street , Red Deer, Alberta T4N 1W1
City:Red Deer
Subdivision:Eastview
County:Red Deer
Province:Alberta
Postal Code:T4N 1W1
School: Schools
Housing:Housing Market
Statistics:Real Estate Statistics
EXTERIOR
Year Built:1986
Structure Type:Low Rise (2-4 stories)
Foundation:Wood
Roof:Asphalt Shingle
Zoning:R-M
Construction:Vinyl Siding, Wood Frame
ROOM DIMENSIONS


Inclusions: Shed



Courtesy: RE/MAX real estate central alberta


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We would highly recommend Big John and his team. Selling a property can be highly stressful. They alleviated much of that stress by keeping us informed throughout the whole process. Their professional advice was invaluable. We truly appreciated all of the team and thank them for their service
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We had a great experience years ago when Big John was our realtor of choice. Some things have changed but, Big John was every bit as professional now as years ago, Thanks to technology, the photos, video and brochures were absolutely great! When we saw our home on the website, we wanted to buy it. The showing process was also excellent. Easy to approve a showing and easy for us to make arrangements. Hopefully, we won't need Big John's services any time soon but, we will definitely recommend him and his team to anyone that should ask. Thank you for making the experience a positive one. Best regards Jim and Leslie G.
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November 4th 1:40pm

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FAQs about 3809-3813 50 Street , Red Deer,
Alberta, T4N 1W1

3809-3813 50 Street MLS® A2256418 has an approximate size of 0 Sq. Ft. located in Eastview.

Nearby schools include read Schools & resources

There are 0 bedrooms and 0 bathrooms in this Commercial listing at 3809-3813 50 Street , MLS® A2256418.

This Commercial listings is priced at $1,375,000.

This property is located at 3809-3813 50 Street , Red Deer, Alberta, T4N 1W1 in the Eastview community on the market for 57 days. View location on Google maps.

You can find new community resources, emergency phone numbers, crime statistics, and local news, similar homes & real estate information on our Eastview community resources page.