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For Sale

Multi-family · MLS® A2312434

4746 55 Street

Red Deer, Alberta

$3,500,00014,696 sq. ft.
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MLS® NumberA2312434

Listing brokerageReal Broker

Property overview

Commercial opportunity in Red Deer

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:66954)

Property details

Property Type
Commercial
Property Sub Type
Multi-family
Transaction Type
For Sale
Listing Status
Active
List Price
$3,500,000
Building Type
Multi-Family
Total Building Area
14,696 sq. ft.
Year Built
1975
Zoning
R-H

Community

Downtown Red Deer (Red Deer)

Information is provided for general reference and is subject to confirmation. Live listing data is supplied through REALTOR.ca DDF®.

Property location

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4746 55 Street, Red Deer, Alberta

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