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Main Photo: : Red Deer 4 plex for sale : MLS®# A2255574
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Status:
Active
Prop. Type:
Multi-Family
MLS® Num:
A2255574
Year Built:
1986
Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear. 1 unit will be given access for viewings, others upon accepted offer. Rental leases and documents provided for review upon acceptance of offer. Currently grossing $110,000 a year with fixed costs of approx $22,000. If your just starting out or adding to your portfolio this one will be well worth considering.
Property Type:
Multi-Family
Property Sub Type:
4 plex
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bi-Level
Total Living Area:
3,520 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Levels:
One
Year built:
1986 (Age: 39)
Bathrooms:
- (Full:-, Half:-)
Plan:
5555AF
Structure Type:
Four Plex
Ensuite:
No
Garage:
No
Parking:
Parking Pad
Parking Places:
18
Parking Total/Covered:
18 / -
Eastview (Red Deer)
Dishwasher, Refrigerator, Stove(s), Washer/Dryer
Storage Shed
None Known
Title to Land:
Fee Simple
Patio And Porch Features:
Deck
Num. of Parcels:
0
Region:
Red Deer
Zoning:
R-M
Listed Date:
Sep 08, 2025
Days on Mkt:
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Listed by RE/MAX real estate central alberta
Data was last updated September 11, 2025 at 04:05 PM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
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