Bruce Boyes

Century 21 Advantage

Cell 403-505-2310

Office 403-346-0021

Email: bruce@reddeerarealistings.com

My Office Listings

5614 55 Street
Red Deer T4N2J6

$999,900
Multi-family baths: 0.0 built: 1963

Main Photo: 5614 55 Street in Red Deer: Multi-family for sale : MLS®# ca0185838
Photo 1: 5614 55 Street in Red Deer: Multi-family for sale : MLS®# ca0185838
Photo 2: 5614 55 Street in Red Deer: Multi-family for sale : MLS®# ca0185838
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Photo 26: 5614 55 Street in Red Deer: Multi-family for sale : MLS®# ca0185838
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
CA0185838
Year Built:
1963
THIS 12 SUITE APARTMENT BUILDING, features 11 (2) Bedroom suites & 1 (1) Bedroom suite. FORECASTED INCOME W/ 10% VACANCY RATE WILL BRING IN OVER $100,000/YEAR IN GROSS INCOME! 3% Net Cap rate, based on asking price. Feb-2019 to Jan-2020 gross income at $86,172.00. 2 commercial coin-op washers & dryers. Expenses have been higher than average over the past several years, due to the many upgrades to suites. NEW CARPET, NEW LINOLEUM, FRESH PAINT IN MANY OF THE SUITES, NEW BATHS & more. Not to mention, Roof just resurfaced w/rubber membrane roofing in November of 2019 ($20,000) 6 units are currently Vacant due to renovation work, but are filling up slowly with new rent rates and longer terms. Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has one designated stall w/ power plug in. Visit REALTORS® website for more details. (id:2493)
Property Type:
Multi-family
Property Plan:
3331AJ
Transaction Type:
For sale
Zoning:
R2
Ownership Type:
Freehold
Number of bathrooms:
0.0
Age:
57 years
Construction Material:
Wood frame
Fireplace:
No
Fire Protection:
Fire alarm system
Floor finish:
Carpeted, Linoleum
Foundation:
Concrete
Heating:
Baseboard heaters, Boiler, Air circulation heat
Heating Fuel:
Natural gas
Water:
Municipal water
Sewer:
Municipal sewage system
Acreage:
No
Lot Size:
0.34 acre(s)
Lot Size:
0.34 ac
Lot Details:
0.34
Total Parking Spaces:
20
Parking Type:
Parking Space(s), Other, Rear
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Disclaimer: This listing data above is provided under copyright by The Canadian Real Estate Association (CREA). This listing data is deemed reliable but is not guaranteed accurate by myRealPage or The Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
Data was last updated February 17, 2020 at 02:15 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$529,900
Min list price:
$512,911
Max list price:
$1,050,000
Avg days on market:
394
Min days on market:
19
Max days on market:
394
These statistics are generated based on the current listing's property type and located in Red Deer. Average values are derived using median calculations.
BRUCE BOYES
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.