JN REAL ESTATE GROUP

West Park

FOR SALE

$1,500,000

PURCHASE PRICE

3930 55 Avenue , Red Deer · T4N 4N4

MULTI FAMILY · BUILT 1971

MLS A2358454 · 0 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Bon Air Manor in West Park offers 12 two-bedroom suites with an opportunity to improve rental income. Offered at $1,500,000, or $125,000 per suite, this 3 floor, walk-up apartment building features generous sized 800 sq ft suites with balconies, shared laundry facilities and 12 on-site surface parking stalls with power. Improvements include renovations to three suites, balcony railing upgrades and replacement of approximately 40% of the windows. Current rents are well below market leaving room for future growth as suites are improved and rents increase over time.

DETAILS

TRANSACTION

TRANSACTION
For Sale
LEASE MEASURE
Square Feet

BUILDING

TYPE
Multi Family
YEAR BUILT
1971
ROOF
Asphalt Shingle
FOUNDATION
Poured Concrete

PARKING

TOTAL PARKING
12

LOT & EXTERIOR

LOT SIZE (SQFT)
19,748
LOT SIZE (ACRES)
0.45

COMMUNITY

COMMUNITY
West Park
ZONING
R-D
POSTAL CODE
T4N 4N4

UTILITIES & COSTS

HEATING
Boiler · Natural Gas
ANNUAL TAXES
$16,551

LISTING COURTESY OF DALE RUSSELL · RE/MAX REAL ESTATE CENTRAL ALBERTA

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