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3502-3504-3508, 3500 48 Avenue
Red Deer Alberta T4N3S3 Canada

$819,600

Active Listing ID A2158142
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2 bed
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2,114 square feet
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2.00 Bath
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Single Family

$819,600

Active Listing ID A2158142
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3502-3504-3508, 3500 48 Avenue A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11, 600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70, , 000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: None
  • Exterior Finish: Vinyl siding
  • Floor Covering: Carpeted, Linoleum, Vinyl
  • Heating Systems: Forced air
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/8/2024 1:30:45 AM GMT
Source Updated Date: 11/27/2024 12:08:05 AM GMT

Courtesy of: Paul Jones, Associate Broker, RE/MAX real estate central alberta