Property overview
Commercial opportunity in Red Deer
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:66955)
Property details
- Property Type
- Commercial
- Property Sub Type
- Multi-family
- Transaction Type
- For Sale
- DDF Listing Status
- Active
- List Price
- $2,378,300
- Building Type
- Apartment
- Total Building Area
- 8,412 sq. ft.
- Year Built
- 1980
- Heating
- Natural gas, Other
- Zoning
- R-L
Community
Riverside Meadows (Red Deer)
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.