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.
Address
6323 59 Avenue
List Price
$650,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Transaction Type
Sale
Area
Red Deer
Sub-Area
Highland Green Estates
Floor Area
1,806 Sq. Ft.
Lot Size
7257 Sq. Ft.
Year Built
1974
MLS® Number
A2272222
Listing Brokerage
Real Broker
Basement Area
Full
Postal Code
T4N 5P9
Zoning
R-M