Jolyn Apartments, 5 plex, consisting of 5 - 1 bedroom units on Red Deer's south end. Ideal location for convenient, affortable rental suites for so many that need to be close to the hospital, college or easy access to shopping and other service providers. Fresh exterior paint, vinyl windows, rear gravel parking pad with plug ins, and the street allows for additional parking also. Well maintained, 2 gas forced air furnaces serve 4 suites and one gas heater serves 1 suite. Plenty of newer builds on this specific street that consist of newer 3 plexs, adult apartment building as well as duplexs. A great return on your investment now with huge potential for future re development on this corner lot. Zoned R-M, This zone allows for a mix of housing types and suitable non- Residential uses., creating density that is compatible with adjacent low-density or high-denisty Zones. Permitted uses include, Accessory Building, Apartment, Duplex, Home Occupation Minor, Show Home, and Townhouse. Discretionary Uses include, Back Yard Suite, Day Care Facility, Home ccupation Major, House, House Suite, Public Assembly, Supportive iving Accommodations, and Temporary Care Facility. The current totality of existing rents equal $4974.00/month, plus income monthly from a coin operted washer and dryer that is extra convenient for the tenants. Tenants pay for power in there units. Owner pays water, sewer, gas, garbage and power in common areas .
Address
3402 51 Avenue
List Price
$580,000
Property Type
Commercial
Type of Dwelling
Multi Family
Area
Red Deer
Sub-Area
South Hill
Lot Size
6000 Sq. Ft.
Year Built
1954
MLS® Number
A2190185
Listing Brokerage
Maxwell Real Estate Solutions Ltd.
Postal Code
T4N 4E8
Zoning
R-M