$650,000

Investment For Sale In Highland Green Estates, Red Deer, Alberta

$650,000

Property Information:

This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.

Inclusions: Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings

Building Features:

  • Total Finished Area: 1806.00

Property Features:

  • Built in: 1974
  • Cooling: None
  • Floor Space (approx): 1806.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Central, Forced Air, Natural Gas
  • Lot Size: 7257.00 Square Feet
  • Parking Features: Alley Access, Off Street, Stall
  • Zoning: R-M
  • No. of Parking Spaces: 5

Courtesy of: Real Broker

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
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