5621 55 ST Red Deer, AB T4N 2J7

This fully rented 6 bedroom legally suited investment property is an excellent turnkey opportunity that's currently professionally managed. Tenants are in place who would like to stay. Located centrally in South Riverside Meadows steps away from the local elementary school and park, the beautiful trails for walking and biking and a short distance from downtown. Seller states the property has been easy to rent and remained vacancy free for years. With separate entrances and separate laundry there is less chance of tenant conflict. Both suites are 3 bedrooms, a unique find. The upper suite has a full bathroom - the lower suite uniquely has both a 3 piece and a full bathroom. Some windows have been changed. No parking worries as there is a single attached garage with a long paved driveway + off street parking behind. The yard is large 60 X 179 and offers nice privacy with large trees and no properties behind. Great CAP rate as Tenants pay $1360 for upper level (effective May 1, 2023) and $995 for lower level. Both tenants are now month to month. The landlord pays the utilities. In 2022 Heating costs were $2711.84 Power costs were $1,666.42 and City Water and Sewer costs were $1977.54 giving an average monthly utility cost of $529.62