$3,500,000 |
Downtown Red Deer
Red Deer
Multi Family for Sale at 4746 55 Street Red Deer
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. Recent capital improvements include a new roof (2020) 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.
Financial and Mortgage
| List Price |
$3,500,000
|
| Original Price |
$3,500,000
|
| Monthly Payment |
$14,594/month
Get Prequalified
|
4746 55 Street Details
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Construction and Lot
| Year Built |
1975
|
| Bathrooms |
0.00
|
| Has Basement |
No
|
Exterior of 4746 55 Street
| Lot Size Square Feet |
20000.00
|
| Type |
Commercial
|
| Sub-Type |
Multi Family
|
Measurements
| Lot Size Square Feet |
20000.00
|
Downtown Red Deer Information
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