Nicely renovated 4plex in a quiet location. Nicely renovated and updated with new windows throughout, 4 newer furnaces, shingles (6-7 yrs old approx), and one suite was fully renovated in the last 6 months. One suite is largely original but in great condition, two other suites have been renovated and updated over the years. Building has always been easy to keep full and current tenants have been there long term. Current rents are $1000, $1050, $1050, and $1250 and can all be raised to market rent ($1500+) with 3 months notice to the tenants. Tenants all pay their own power and gas, landlord pays water/sewer/garbage. Lots of parking is available in the front and back. Building will provide well over 8% return once rents have been raised to market prices. This well cared for and well maintained building will make a great addition to any portfolio or a great starting point for anybody looking to invest in rental real estate!
Address
23 Nordegg Crescent
List Price
$650,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Bi-Level
Area
Red Deer
Sub-Area
Normandeau
Floor Area
2,080 Sq. Ft.
Year Built
1981
MLS® Number
A2201462
Listing Brokerage
RE/MAX real estate central alberta
Basement Area
Finished, Full
Postal Code
T4P 2B8
Zoning
R-M
Site Influences
Back Lane, Interior Lot, Schools Nearby, Shopping Nearby, Park, Playground, Sidewalks, Street Lights