$1,470,000
5617 60 AVE Red Deer, AB T4N 4W2
31
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$1,470,000
Est. payment /mo
0.39 Acres Lot
New
5617 60 AVE Red Deer, AB T4N 4W2
UPDATED:
11/04/2024 01:00 AM
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Riverside Meadows
MLS® Listing ID A2175520
Year Built 1973
Lot Size 0.393 Acres
Acres 0.39
Property Description
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 Raven Thorpe Manor 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 city’s 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 .
Location
Province AB
County Red Deer
Zoning R2
Interior
Heating Baseboard, Boiler, Natural Gas
Inclusions Token operated Washers (2) and Dryers (2)
Exterior
Roof Type Flat
Lot Frontage 137.58
Total Parking Spaces 12
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Others
Restrictions Easement Registered On Title,Utility Right Of Way
Listed by Sotheby's International Realty Canada
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