4746 55 Street, Red Deer, Alberta

About 4746 55 Street

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:6289)

More Info on this Downtown Red Deer Multi-Family MLS® listing

4746 55 Street is a multi-family listing for sale in Red Deer. The MLS® number is A2312434. It was built in 1975 and covers 14,696 square feet. It's currently listed for $3,500,000. For more details on MLS® A2312434, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in Downtown Red Deer is available now!

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