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