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5614 55 Street in Red Deer: RR Riverside Meadows Multi-Family for sale : MLS®# CA0171269

5614 55 Street Red Deer T4N 2J6 : RR Riverside Meadows

Main Photo: 5614 55 Street in Red Deer: RR Riverside Meadows Multi-Family for sale : MLS®# CA0171269
$1,150,000
Prop. Type:
Multi-Family
MLS® Num:
CA0171269
Status:
Active
Year Built:
1963
100% FULLY TENANTED!! THIS 12 SUITE APARTMENT BUILDING, featuring 11 (2) Bedroom suites (currently at $750/month) & 1 (1) Bedroom suite (Currently at $650/month) BRINGS IN $106,800/YEAR IN GROSS INCOME!. With a 5.4% NET CAP RATE, many upgrades to suites over the years, including NEW CARPET, NEW LINOLEUM, FRESH PAINT, NEW BATHS & more. Strong potential to add to your rental portfolio, situated over 5 lots (125' wide) with 20+ stalls for parking. Each unit has designated stall w/ power plug in. Visit REALTORS® website for more details.
Listing Area:
Red Deer
Listing Sub-Area:
RR Riverside Meadows
County Or Parish:
Red Deer County
Property Type:
Multi-Family
Property Sub Type:
Low Rise (1-4 Floors)
Lot Shape:
Standard
Lot Depth:
Switch units of measure120'
Lot Frontage:
Switch units of measure125'
Title:
Fee Simple
Year built:
1963
Construction Materials:
Frame - Wood
Foundation:
Concrete
Floor Finish:
Carpet, Linoleum
Roof:
Tar & Gravel
Heating:
Baseboard heaters, Boiler
Heating Fuel:
Natural Gas
Num 1 Bed Units:
1
Num 2 Bed Units:
11
Num 3 Bed Units:
0
Num 4 Bed Units:
0
# Units:
12
Taxes:
$10,267 / 2018
Electric Expense:
5280.9
Gross Scheduled Income:
71557.65
Heating Expense:
4309.64
Insurance Expense:
3663.0
Laundry Income:
570.0
Maintenance Expense:
9765.99
Professional Management Expense:
4106.0
Total Annual Operating Expenses:
50000.0
Trash Expense:
2400.0
Water Sewer Expense:
3098.11
Vacancy Pct:
10.0
Inclusions:
12- fridges, 12- stoves, 2 commercial washers 2- commercial dryers, storage shed
Price Excludes:
tenants goods
Possession:
Negotiable
Rent Control:
No
Parking Features:
110 Volt Wiring, Parking - Extra, Parking - Plug-In, Parking Space(s), Public Parking, Rear Parking, Visitor Parking
Parking Places:
20
LINC Number:
0019222455
Zoning:
R2
Listed by Century 21 Advantage
Data was last updated July 24, 2019 at 01:10 AM (UTC)
Benedict Devlin Team

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