Map

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 1805 sqft
Garage No
Taxes $5,684
Lot Size 0.17 acres
Approx. Age 1974
Avg. Price Per Sqft $360
MLS® Number A2279308

Property Address: 6323 59 Ave, Red Deer, AB, T4N5P9

Average square foot calculated using Size range provided by listing agent.

Description

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67, 668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5, 639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.Show Description
MLS® NumberA2279308
Laundry Level
Central VacNo
FireplaceNo
Acreage0.17
Exterior
GarageNo
Approx. Age1974
BasementFull
DrivewayAlley Access, Off Street, Stall
Garage Spaces
Heat
A/C
Heating Fuel

Extras

n/a

Price History

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00/00/0000End Date
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$XXX,XXXList Price

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