If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. Boiler has also been replaced. New hot water heater. Building has a zero lot line and a parking stall with 19 spaces.
Current gross income is at $10,320 with room for growth. Several long term tenants. Property is being sold as-is.
| Address | 1-16, 4750 55 Street |
| List Price | $1,360,000 |
| Property Type | Multi-Family |
| Type of Dwelling | Apartment |
| Style of Home | Low-Rise(1-4) |
| Area | Red Deer |
| Sub-Area | Waskasoo |
| Floor Area | 7,342 Sq. Ft. |
| Lot Size | 10000 Sq. Ft. |
| Year Built | 1963 |
| MLS® Number | A2179270 |
| Listing Brokerage | Century 21 Maximum |
| Postal Code | T4N 2J1 |
| Zoning | R3 |
| Site Influences | Back Lane, Schools Nearby, Shopping Nearby, Near Shopping Center, Park, Walking/Bike Paths, Sidewalks, Street Lights, Street Lighting, Near Public Transit |