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4746 55 Street, Red Deer
4746 55 Street, Red Deer 4746 55 Street, Red Deer — photo 2 4746 55 Street, Red Deer — photo 3 4746 55 Street, Red Deer — photo 4 4746 55 Street, Red Deer — photo 5 4746 55 Street, Red Deer — photo 6 4746 55 Street, Red Deer — photo 7 4746 55 Street, Red Deer — photo 8 4746 55 Street, Red Deer — photo 9 4746 55 Street, Red Deer — photo 10 4746 55 Street, Red Deer — photo 11 4746 55 Street, Red Deer — photo 12 4746 55 Street, Red Deer — photo 13 4746 55 Street, Red Deer — photo 14 4746 55 Street, Red Deer — photo 15 4746 55 Street, Red Deer — photo 16 4746 55 Street, Red Deer — photo 17 4746 55 Street, Red Deer — photo 18 4746 55 Street, Red Deer — photo 19

4746 55 Street, Red Deer, Alberta

$3,500,000

14,696 sq ft

MLS® A2312434

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. Capital improvements include a new roof (2018) 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. (id:56426)

Tyler Remington

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