101-306, 5812 57 Avenue, Red Deer, Alberta

About 101-306, 5812 57 Avenue

INVESTORS! Take advantage of the strong rental market with a building that already has been strata titled (17 Individual titles) for future upside. This sharp looking well cared for 17 suite apartment building close to the Red Deer River has had many recent exterior upgrades, including Hardy Plank siding (2023), windows (2023), facia and soffits (2023), exterior LED lighting (2023). All suites have various had upgrades as needed. The suite mix is 9-1 bedroom, 4 2-bedroom and 4 Bachelor suites. Bachelor suites are same size as one bedrooms, just missing a wall. Servicing the tenants is a large laundry room with 2 Coin-o-Matic washers and 2 dryers, as well as a stocked library as they wait for the cycle. The rear parking pad is paved with 20 stalls, off street parking in the front of building is also available. Building has a pitched roof with asphalt shingles. Tenants all pay their power with the exception of one site that is on the common meter. Rents in the building are conservative and could be adjusted upward. (id:6289)

More Info on this Riverside Meadows Apartment MLS® listing

101-306, 5812 57 Avenue is an apartment listing for sale in Red Deer. The MLS® number is A2355988. It was built in 1980 and covers 8,412 square feet. It's currently listed for $2,378,300. For more details on MLS® A2355988, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This apartment listing in Riverside Meadows is available now!

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