Property overview
Commercial opportunity in Red Deer
Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset. (id:66954)
Property details
- Property Type
- Commercial
- Property Sub Type
- Multi-family
- Transaction Type
- For Sale
- Listing Status
- Active
- List Price
- $5,500,000
- Building Type
- Multi-Family
- Total Building Area
- 9,505 sq. ft.
- Year Built
- 2014
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Zoning
- R-M
Community
South Hill (Red Deer)
Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.