5617 60 Avenue, Red Deer, Alberta T4N 4W2

Listed for:
$1,470,000
0 beds
0 baths
Listed 147 days ago
Multi-Family for rent: 5617 60 Avenue, Red Deer, Alberta T4N 4W2

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Learn more about this property
Listing provided by:
Sotheby's International Realty Canada
MLS® number:
A2175520
Agent:
Kim Stubbs
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About

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 . (id:27476)

Property Highlights

MLS® Number
A2175520
Type
Multi-family
Community Name
Riverside Meadows
Ownership Type
Freehold
Land Size
17124.09 sqft|10,890 - 21,799 sqft (1/4 - 1/2 ac)
Parking Space Total
12

Building

Building Type
Multi-Family
Square Footage
4044.69 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Natural gas
Building Cooling Type

Location