35063508 48 Ave Avenue Unit# 3500, Red Deer, Alberta T4N3S3 is For Sale and has a listing price of 999,500. The property is located in the South Hill neighbourhood. It's been on the website for 140 Days.
A great start or addition to your investment portfolio, 5 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 90,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll. (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 08/15/2024 | A2158142 | $999,500 | For Sale | - | - |
| 4pc Bathroom - Lower | 7.50 Ft x 4.92 Ft |
| Bedroom - Lower | 11.42 Ft x 8.83 Ft |
| Primary Bedroom - Lower | 12.83 Ft x 9.50 Ft |
| Other - Main | 8.92 Ft x 8.33 Ft |
| Kitchen - Main | 10.50 Ft x 10.25 Ft |
| Living room - Main | 15.58 Ft x 12.17 Ft |
| 2pc Bathroom - Main | 5.75 Ft x 4.92 Ft |
