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Red Deer,AB T4P 2X6
Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,192 sqft
Price per Sqft $296
Subdivision Glendale Park Estates
MLS Listing ID A2179480
Style Bi-Level
Originating Board Central Alberta
Year Built 1982
Annual Tax Amount $5,072
Tax Year 2024
Property Description
Fully rented 4plex with 3 bedroom, 1 bathroom units and excellent tenants. Add this amazing investment to your portfolio and start seeing immediate returns. Two units have been renovated with vinyl plank flooring throughout, paint, some new cabinetry and light fixtures, and there's a new furnace in one unit. Shingles replaced in 2019, and all new concrete sidewalks were poured 4 years ago. All units are currently rented with excellent tenants, and rents can be increased immediately on 3 suites, with the other available for an increase on July 1, 2025. Each unit has its own paved parking pad with room for 2 vehicles, and there's additional street parking available out front. Units have their own gas and electrical meters. This property can be purchased with 24 Gilchrist next door for the simplicity of having side by side buildings to make for easier maintenance and management.
Location
State AB
County Red Deer
Zoning RM
Rooms
Basement Finished,Full
Interior
Interior Features Ceiling Fan(s),Laminate Counters,Primary Downstairs,Separate Entrance,Storage
Heating Forced Air,Natural Gas
Inclusions Fridge x4, Stove x4, Washer/Dryer x4
Appliance Refrigerator,Stove(s),Washer/Dryer
Laundry In Basement,In Unit
Exterior
Garage Alley Access,Off Street,Parking Pad,Paved
Garage Description Alley Access,Off Street,Parking Pad,Paved
Fence None
Community Features Park,Playground,Schools Nearby,Shopping Nearby,Sidewalks,Street Lights
Roof Type Asphalt Shingle
Porch Deck
Total Parking Spaces 8
Building
Lot Description Back Lane,Low Maintenance Landscape,Interior Lot,No Neighbours Behind
Foundation Wood
Architectural Style Bi-Level
Level or Stories Bi-Level
Structure Type Wood Frame
Others
Restrictions None Known
Tax ID 91675200
Ownership Private