JN REAL ESTATE GROUP

Downtown Red Deer

LIST PRICE

$3,500,000

4746 55 Street , Red Deer · T4N 2J1

BUILT 1975

MLS A2312434 · 51 DAYS ON MARKET

Interested in this home?

JN Real Estate Group can arrange a private viewing and answer anything the listing doesn’t. A real person who knows the area — no pressure.

RE/MAX Complete Realty · Calgary

What this home — and yours — is really worth right now.

ABOUT THIS HOME

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.

DETAILS

BUILDING

TYPE
Multi Family
YEAR BUILT
1975

LOT & EXTERIOR

LOT SIZE (SQFT)
20,000
LOT SIZE (ACRES)
0.46

COMMUNITY

COMMUNITY
Downtown Red Deer
ZONING
R-H
POSTAL CODE
T4N 2J1

UTILITIES & COSTS

ANNUAL TAXES
$27,860

LISTING COURTESY OF TYLER REMINGTON · REAL BROKER

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.