info@settlersrealty.ca
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$675,000
 
2176.24 Sq.Ft.
5846 71 Street, Glendale, Red Deer, Alberta, T4P1C8
MLS® Number: A2202512

Multi-family House for Sale in Street Glendale Red Deer

Property Information

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! (id:50315)

Property Summary
Property Type

Multi-family

Building Type

Storey

Community Name

Subdivision Name

Glendale

Title

 

Land Size
2176.24Sq.Ft.
Built in
1975
Annual Property Taxes
$5579
Parking Type
Parking Pad, Other
Published
5 days
Building
Bedrooms
Total
Below Grade
 
Bathrooms
Total
Partial
Interior Features
Appliances Included

Flooring

Basement Features

Basement Type

Building Features
Features

Foundation Type

Architectural Style

Construction Material

Floor Space
2176.24Sq.Ft.
Total Finished Area
2176.24Sq.Ft.
Structures
Heating & Cooling
Cooling
Fireplace
Heating Type
Exterior Features
Exterior Finish
Neighbourhood Features
Amenities Nearby
 
 
Parking Type
Parking Pad, Other
Total Parking Spaces
6
Interested in this property?
Kuldip Singh Parmar
Kuldip Singh Parmar
Associate
Balpreet Tehri
Balpreet Tehri
Associate
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