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5617 60 Avenue
Red Deer Alberta T4N4W2 Canada

$1,470,000

Active Listing ID A2175520
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4,045 square feet
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Multi-family

$1,470,000

Active Listing ID A2175520
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5617 60 Avenue 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Heating Systems: Baseboard heaters, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/22/2024 11:45:29 AM GMT
Source Updated Date: 12/25/2024 10:41:51 PM GMT

Courtesy of: Kim Stubbs, Associate Broker, Sotheby's International Realty Canada