5617 60 Avenue Red Deer, Alberta T4N 4W2
$1,470,000
An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raventhorpe is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the cityโs extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually . (id:57312)
Property Details
| MLS® Number | A2175520 |
| Property Type | Multi-family |
| Community Name | Evergreen |
| ParkingSpaceTotal | 12 |
| Plan | 0729407 |
| TotalBuildings | 1 |
Building
| ConstructedDate | 1973 |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Baseboard Heaters |
| SizeExterior | 4044.69 Sqft |
| SizeInterior | 4044.69 Sqft |
| TotalFinishedArea | 4044.69 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| SizeDepth | 38.88 M |
| SizeFrontage | 41.93 M |
| SizeIrregular | 17124.09 |
| SizeTotal | 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| SizeTotalText | 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| ZoningDescription | R2 |
https://www.realtor.ca/real-estate/27611804/5617-60-avenue-red-deer-evergreen
Interested?
Contact us for more information
Kim Stubbs
Associate Broker
5111 Elbow Drive Sw
Calgary, Alberta T2V 1H2
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November 03 2024 10:56:01
Calgary Real Estate Board
Sotheby's International Realty Canada