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5620 & 5622 42 ST Red Deer, AB T4N 1C1
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Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,260 sqft
Price per Sqft $396
Subdivision West Park
MLS® Listing ID A2078823
Sold Date 04/05/24
Originating Board Central Alberta
Year Built 1969
Annual Tax Amount $4,776
Tax Year 2023
Lot Size 6,000 Sqft
Acres 0.14
Property Description
New Proforma showing the new rents and cashflow improvement! The owner has increased rents to $1200 for each unit starting May 1, 2024. This 4 plex is great for any investor looking for an income generating property in a Fantastic location near downtown Red Deer, the new Polytechnic Institute, Shopping, Restaurants, Parks and more! All units are single bedrooms, one level each with 2 units upstairs and 2 units down. Each have their own laundry. Laminate flooring in each of the units. Boiler system with baseboard heat.
Location
Province AB
County Red Deer
Zoning R2
Interior
Heating Forced Air, Natural Gas
Cooling None
Appliance See Remarks
Exterior
Garage Off Street, Stall
Garage Description Off Street, Stall
Roof Type Asphalt Shingle
Porch None
Lot Frontage 50.0
Parking Type Off Street, Stall
Total Parking Spaces 4
Building
Foundation See Remarks
Structure Type Concrete,Stucco,Vinyl Siding,Wood Frame
Others
Restrictions None Known
Tax ID 83337411
Ownership Private
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