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RIVERSIDE MEADOWS

6014 56 Avenue , Red Deer, AB

$349,000

Residential · MLS® A2280230
5Bedrooms
2Bathrooms
1,101.16Sq Ft
1Garage
1958Year Built
02 / Overview

PROPERTY OVERVIEW

Recently renovated, legally suited bungalow located on a double lot. 3 bedrooms up with an upgraded 4-piece bath. Spacious kitchen and dining room with plenty of room for more cabinets. The 2017 legalized basement is fully finished with 2bedrooms, a large storage room, separate laundry facilities (not shared), and a 3 piece bath. There is a separate entrance from the back ofthe home, with an enclosed boot room before heading down the stairs. The oversize single garage is dry-walled and...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,101.16 sq ft
Lot Size7,920 sq ft
ZoningR-L
HeatingENERGY STAR Qualified Equipment • Forced Air • Hot Water • Natural Gas
CoolingNone
ParkingOff Street • RV Access/Parking • Single Garage Detached
ExteriorPrivate Yard • Storage
BasementFull
Year Built1958
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,523After mortgage & expenses
Cap Rate9.7%Based on market rents
Cash on Cash Return26.2%With 20% down payment
Est. Monthly Rent$3,200Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

RIVERSIDE MEADOWS

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Listed by Dean Leischner · CIR Realty