$1,220,000 6,144 Sq.ft

#4447 35 Avenue Close ,Red Deer. T4N 2S3

Description

12 suite apartment in excellent rental area on Red Deer's east end. 11 Two bedroom and 1 One bedroom. Rents are between $750-$850 with most rents being increased to $825-$850 in the future. Six bay detached garage is each rented separately (1x$175, 1x $150, 4 x $200). Gross income of $124,200/year is approximate. Huge pie lot. Building foot print is 48 x 60. Two levels above grade with basement level at half grade. Alley access to ample parking. Property may have condo conversion potential. Complete viewings only with accepted offer in place. Annual Expenses are $59,727.

Listing Information

Prop. Type:Commercial
Status:
MLS #:C4210499
City:Red Deer
Neighbourhood:Eastview
Province:Alberta
Building/Unit Size: 6,144 sq.ft
Lot Size:199 sq.ft
Land Size:0 Acre
Listing Price:$1,220,000
Listing Price Arce:$0 per Acre
Lease Rate:$0 per sq.ft
Business Type:
Property Type:Commercial
Property Subtype:Multi Unit
Transaction Type:For Sale
Land Use Code:R2
Listing Contract Date:2018-10-10

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "ROYAL LEPAGE NETWORK REALTY CORP." listing brokerage.

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