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Additional details
$ 650,000
Est. payment /mo
New
6323 59 AVE Red Deer, AB T4N 5P9
1,806 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1806.0
Square Footage 1,806 sqft
Price per Sqft $359
Subdivision Highland Green Estates
MLS Listing ID A2279308
Year Built 1974
Lot Size 7,405 Sqft
Acres 0.17
Property Sub-Type 4 plex
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.
Location
Province AB
Zoning R-M
Rooms
Basement Full
Interior
Heating Central, Forced Air, Natural Gas
Cooling None
Fireplace No
Appliance Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
Exterior
Parking Features Alley Access, Off Street, Stall
Total Parking Spaces 5
Garage No
Building
Dwelling Type Four Plex
Foundation Poured Concrete
Others
Restrictions None Known
Listed by Real Broker