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Red Deer
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Division No. 8
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Parkvale
4611 50 Street
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4611 50 Street $1,599,000
$1,599,000
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4611 50 Street
Red Deer, Alberta T4N2C2

MLS® Number: A2258892

Listing Description

An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24 hour video surveillance system. The building has been condominiumized with all 8 individually titled allowing the investor to hold as a long term investment or can sell individually in future. $250/unit/month condo fee currently. $8150/month is the rent income. We have some tenants who stayed in the unit for more than 10 years and we haven't increased their rent yet. Tenants pay their own utilities. (31174498)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Storeys
2
Community Name
Parkvale
Subdivision Name
Parkvale
Title
Freehold
Land Size
12450 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Built in
1978
Annual Property Taxes
$7,763.29
Total Parking Spaces
8
Time on REALTOR.ca
80 days

Building

Interior Features
Appliances Included
Refrigerator, Stove, Washer & Dryer
Building Features
Style
Attached
Parking
Total Parking Spaces
8

Measurements

Square Footage
8488 sqft
Total Finished Area
8488 sqft

Land

Other Property Information
Zoning Description
R-D
Data provided by: Pillar 9™
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Yu jing Li
Associate
403-596-5326
403-474-8333
Email
Grand Realty
Unit 24, 2333 - 18 Ave NE
CALGARY, Alberta T2E8T6
403-460-3888
403-474-8333

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Yu jing Li