Red Deer, AB T4N 2J1,4750 55 ST #1-16
Red Deer, AB T4N 2J1,4750 55 ST #1-16
Red Deer, AB T4N 2J1,4750 55 ST #1-16
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$1,360,000
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4750 55 ST #1-16 Red Deer, AB T4N 2J1

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Key Details

Property Type Multi-Family

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 7,342 sqft

Price per Sqft $185

Subdivision Waskasoo

MLS® Listing ID A2179270

Style Apartment-Low-Rise (1-4)

Originating Board Central Alberta

Year Built 1963

Annual Tax Amount $13,909

Tax Year 2024

Lot Size 10,000 Sqft

Acres 0.23

Lot Dimensions 50' x 199.87

Property Sub-Type Apartment

Property Description

If you're looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. New hot water tank. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants.

Location

Province AB

County Red Deer

Zoning R3

Interior

Heating Baseboard, Boiler, Hot Water

Cooling None

Flooring Carpet, Linoleum, Vinyl Plank

Inclusions Refrigerator x 15, Stove x 15, Washer, Dryer

Appliance Dryer, Refrigerator, Stove(s), Washer

Laundry In Basement

Exterior

Parking Features Alley Access, Paved, Stall

Garage Description Alley Access, Paved, Stall

Fence None

Community Features Park, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

Amenities Available Coin Laundry, Parking

Porch Balcony(s)

Total Parking Spaces 19

Building

Lot Description Back Lane, Near Public Transit, Near Shopping Center, Street Lighting

Story 4

Sewer Public Sewer

Water Public

Architectural Style Apartment-Low-Rise (1-4)

Others

Restrictions None Known

Tax ID 91310436

Ownership Private

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Listed by Century 21 Maximum

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agent

Oscar Corredor

Agent | License ID: 539113

+1(403) 969-2799

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4750 55 ST #1-16