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smartPRO RealtyRajesh Babunaidu, REALTOR®
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$3,500,000

4746 55 Street

Downtown Red Deer, Red Deer

  • 14,696 sq ft

About this home

Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning. (id:67770)

Facts

Living area
14,696 sq ft
Home type
Multi-Family
Year built
1975
Lot size
20,000 square feet
Property taxes
$27,860 (2025)
MLS® number
A2312434

Location

Listed by Real Broker

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