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Home AB Red Deer South Hill
3500-3508 48 Avenue
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3500-3508 48 Avenue $819,600
$819,600
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3500-3508 48 Avenue
Red Deer, Alberta T4N3S3

MLS® Number: A2168543

Listing Description

A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. For more photos, interactive video and drone see MLS A2158142 Estimated market rent approx. $1500. per month per unit. units are mostly owner occupied there is no rent roll (29634681)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
South Hill
Subdivision Name
South Hill
Title
Freehold
Land Size
Unknown
Built in
1994
Annual Property Taxes
$5,534
Parking Type
Other, Parking Pad
Time on REALTOR.ca
56 days

Building

Interior Features
Flooring
Other
Building Features
Foundation Type
Wood
Style
Attached
Architecture Style
Bi-level
Heating & Cooling
Heating Type
Forced air
Parking
Parking Type
Other, Parking Pad
Total Parking Spaces
8

Measurements

Square Footage
2114 sqft
Total Finished Area
2114 sqft

Land

Other Property Information
Zoning Description
R2
Data provided by: Pillar 9™

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