Red Deer, AB T4N5P9,6323 59 Avenue
Red Deer, AB T4N5P9,6323 59 Avenue
Red Deer, AB T4N5P9,6323 59 Avenue
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Aaron MacRae

Aaron MacRae

+1(403) 852-2260
$650,000
Est. payment /mo
1,806 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,806 sqft

Price per Sqft $359

Subdivision Highland Green Estates

MLS® Listing ID A2279308

Year Built 1974

Lot Size 7,257 Sqft

Acres 7257.0

Property Sub-Type Freehold

Property Description

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns. (id:24570)

Location

Province AB

Rooms

Kitchen 0.0

Interior

Heating Central heating, Forced air,

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 5

Private Pool No

Others

Ownership Freehold

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Aaron MacRae

Aaron MacRae

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+1(403) 852-2260

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6323 59 Avenue

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