4746 55 St, Red Deer, AB T4N2J1
- Sqft
- 14,696
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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. (id:58180)
Location
Full feature list
Basic info
- Property type
- Multi-family
- Square feet
- 14,696
- Lot size (acres)
- 0.46
- Year built
- 1975
Taxes
- Tax Annual Amount (2025)
- $27,860
Public schools
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Sourced from: Canadian Real Estate Association MLS®#: A2312434 Last checked: …
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