Discover an outstanding investment opportunity in Glendale with an impressive 8.2% CAP RATE and a total of $74,520 per year in gross rents. This exceptional 4-plex is a top performer in Red Deer’s thriving rental market, ensuring strong and reliable income along with growth potential. Each unit features 3 bedrooms and 1 bathroom, making them highly appealing to tenants and families! The property boasts NEWER VINYL WINDOWS throughout, enhancing energy efficiency and overall maintenance. Sturdy Metal Siding! Recent renovations have been made in Unit D, and other updates throughout the units. The 2014 asphalt shingle roof is in excellent condition and has plenty of life remaining. Each unit is individually metered, and tenants cover ALL UTILITIES, which significantly increases this properties performance as an investment. Located on a quiet residential street, this oversized 8,373 sq ft lot is uniquely positioned as the only 4-plex in the block. It offers a private rear parking area with powered stalls and additional street parking for convenience. Residents will enjoy easy access to parks, schools, shopping, downtown, and major highways, which makes this location highly desirable. With consistent tenancy and the growing appeal of Red Deer due to its strong job market and affordability, this turn-key property presents an incredible investment with solid potential for growth. Don’t miss your chance to acquire this high-performing, hassle-free asset!
Address
5846 71 Street
List Price
$675,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Area
Red Deer
Sub-Area
Glendale
Floor Area
2,176 Sq. Ft.
Lot Size
8373 Sq. Ft.
Year Built
1975
MLS® Number
A2202512
Listing Brokerage
Real Broker
Postal Code
T4P 1C8
Zoning
R2