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$5,500,000
Est. payment /mo
9,505 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,505 sqft
Price per Sqft $578
Subdivision South Hill
MLS Listing ID A2336874
Year Built 2014
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Multi Family
Property Description
Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer,within walking distance of shopping,restaurants,transit,parks and trails. Built in 2016,the property consists of 18 two-bedroom units,3 two-bedroom + den units and 3 one-bedroom units,with no suites located at or below ground level. Each suite features its own furnace,hot water tank,A/C,in-suite laundry,dishwasher,private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable,long-term tenant base. Current rents are below market,providing a purchaser with a strong opportunity to increase revenue and NOI within a newer,low-maintenance asset.
Location
Province AB
County 0262
Zoning R-M
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions 24 - Fridges, Dishwashers, Washers, Dryers, Microwave Hood Fans, Electric Stoves, A/C Units. Security System with Cameras.
Fireplace No
Exterior
Roof Type Asphalt Shingle
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Others
Restrictions None Known
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Listed by Real Broker
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