$1,090,000
5963 60 a ST #1-9 Red Deer, AB T4N6A4
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$1,090,000
Est. payment /mo
5,085 SqFt
Active
5963 60 a ST #1-9 Red Deer, AB T4N6A4
UPDATED:
10/19/2024 05:45 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 5,085 sqft
Price per Sqft $214
Subdivision Riverside Meadows
MLS® Listing ID A2164763
Year Built 1976
Lot Size 0.260 Acres
Acres 0.26
Property Description
This fully rented 9-suite apartment building is an excellent investment opportunity, offering immediate cash flow and stable rental income. The building consists of eight spacious units, each with two bedrooms and a 4-piece bath, as well as one cozy 1-bedroom unit. Six of the units feature private balconies, adding extra appeal for tenants and boosting rental value. The location is highly desirable, with three schools—Fairview, GH Dawe, and Gateway School— close by making it ideal for families. Tenants will also benefit from the nearby bus stop and an abundance of local amenities within 5-10 minutes drive, including shopping, parks, and restaurants, ensuring convenience and a strong demand for the units. This property is a rare find, offering both stability and growth potential for the savvy investor.
Location
Province AB
County Red Deer
Zoning R1
Interior
Heating Boiler
Flooring Hardwood, Tile
Appliance Dryer, Electric Stove, Range Hood, Refrigerator, Washer
Laundry Common Area
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 9
Building
Dwelling Type Low Rise (2-4 stories)
Story 2
Foundation Poured Concrete
Others
Restrictions None Known
Tax ID 91513062
Listed by eXp Realty
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