4PLEX ON 8 AVE SE WITH EASY ACCESS TO TRANSIT (PERFECT INVESTMENT OPPORTUNITY) - OFFERING 3450+ SQFT LIVING SPACE WITH A TOTAL OF 8 BEDROOMS, 4 FULL BATHS AND TONS OF PARKING IN THE REAR - **BASEMENT ON EACH SIDE FEATURES A LEGAL SUITE** EACH UNIT IS SPACIOUS AND FUNCTIONAL; featuring 2 bedrooms, FULL bath, kitchen, living area and SEPARATE LAUNDRIES! Flooring updated for 3 units and new furnace on one side. Kitchens in 2 units were fully renovated as well Bathrooms were upgraded for 3 units two years back. New hot water tank on one side. The upper units also feature an additional dining space. ***ALL UNITS ARE CURRENTLY RENTED OUT - TENANTS PAY THEIR OWN UTILITIES (ADDED CONVENIENCE FOR THE OWNER) - Some of the units also feature new paint and updated flooring. Above grade sizes for 5624 is 956.76 SQFT and 5626 is 942.55 SQFT.More details
Discover an outstanding investment opportunity in Glendale with an impressive 8.2% CAP RATE and a total of $74,520 per year in gross rents. This exceptional 4-plex is a top performer in Red Deer’s thriving rental market, ensuring strong and reliable income along with growth potential. Each unit features 3 bedrooms and 1 bathroom, making them highly appealing to tenants and families! The property boasts NEWER VINYL WINDOWS throughout, enhancing energy efficiency and overall maintenance. Sturdy Metal Siding! Recent renovations have been made in Unit D, and other updates throughout the units. The 2014 asphalt shingle roof is in excellent condition and has plenty of life remaining. Each unit is individually metered, and tenants cover ALL UTILITIES, which significantly increases this properties performance as an investment. Located on a quiet residential street, this oversized 8,373 sq ft lot is uniquely positioned as the only 4-plex in the block. It offers a private rear parking area with powered stalls and additional street parking for convenience. Residents will enjoy easy access to parks, schools, shopping, downtown, and major highways, which makes this location highly desirable. With consistent tenancy and the growing appeal of Red Deer due to its strong job market and affordability, this turn-key property presents an incredible investment with solid potential for growth. Don’t miss your chance to acquire this high-performing, hassle-free asset!More details
Data was last updated March 31, 2025 at 08:05 AM (UTC)
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