35 Nyberg AVE Red Deer, AB T4P 1R5

Investors take note! This 4 plex has long term tenants in place and backs onto the City of Red Deer Community Gardens - no neighbors to the back! Each unit features an upper level living room, kitchen, dining area, 2 piece bathroom and balcony. The lower level has 2 bedrooms, 4 piece bathroom, laundry room and storage. There is 4 parking stalls at the rear of the building each with their own plug in. Property interior was extensively renovated in 2007 with kitchen cabinets, bathrooms, paint and flooring. The roof was done in 2014. All 4 units are currently rented, only one unit will be shown at a time (until time of offer), 24 hours notice must be provided. 2021 Insurance Inspection occurred with no concerns. This is a self Governing condo corporation that can be dissolved upon possession, very little to provide for condo documentation. All long term tenants in place, condo fee is $220 per month paid by owners that includes water, sewer, garbage, yard maintenance and building insurance. Total current rent is $3580, tenants pay power, heat and internet. Rent increase scheduled for Feb 2023 will put total rent at $3905.