1,701 ft2
Bi-Level
$685,000
Exceptional investment opportunity in the Riverside community of Red Deer featuring a well-maintained fourplex situated on a massive lot. This property offers four fully self-contained units, each with two bedrooms, providing an ideal layout for consistent rental income. All units are currently tenanted, making this a true turnkey investment with immediate cash flow.Each suite is thoughtfully designed with its own in-unit laundry, offering added convenience and appeal for tenants. The property also features private balconies for each unit, enhancing livability and long-term rental desirability. The expansive, fully fenced lot provides additional outdoor space and privacy, while also offering potential for future value enhancement.Well-positioned within Red Deer, this property benefits from strong rental demand and a stable tenant base. With separate living spaces, desirable unit features, and solid income potential, this fourplex is an excellent addition to any investment portfolio. (id:63982)
Property Details
|
MLS® Number
|
A2302014 |
|
Property Type
|
Multi-family |
|
Community Name
|
Riverside Meadows |
|
Parking Space Total
|
4 |
|
Plan
|
8079af |
Building
|
Architectural Style
|
Bi-level |
|
Constructed Date
|
1976 |
|
Size Interior
|
1,701 Ft2 |
|
Total Finished Area
|
1701 Sqft |
|
Type
|
Multi-family |
Land
|
Acreage
|
No |
|
Size Irregular
|
10400.00 |
|
Size Total
|
10400 Sqft|7,251 - 10,889 Sqft |
|
Size Total Text
|
10400 Sqft|7,251 - 10,889 Sqft |
|
Zoning Description
|
R-l |