3809-3813 50 Street | Red Deer, Alberta, T4N1W1
Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110,000 a year with fixed costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering. (id:59084)Property Details
- Full Address:
- 38093813 50 Street, Red Deer, Alberta
- Price:
- $ 1,424,000
- MLS Number:
- A2256418
- List Date:
- September 11th, 2025
- Neighbourhood:
- Eastview
- Building Size:
- 3620 sq.ft.
- Year Built:
- 1986
- Taxes:
- $ 11,250
- Listing Tax Year:
- 2025
Interior Features
Building Features
- Building Size:
- 3620 sq.ft.
- Ownership Type:
- Freehold
- Legal Description:
- 37
- Taxes:
- $ 11,250
Floors
- Finished Area:
- 3620 sq.ft.
- Main Floor:
- 3620 sq.ft.
Land
Neighbourhood Features
Ratings
Commercial Info
Location
Mortgage Calculator
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