Active
WEST PARK
46 Wells Street , Red Deer, AB
$337,900
Residential · MLS® A22829694Bedrooms
2Bathrooms
1,048Sq Ft
0Garage
1974Year Built
02 / Overview
PROPERTY OVERVIEW
Excellent Investment or Multi-Use Opportunity in Westpark! This upgraded 4-bedroom, 2-bath duplex is perfectly located just a short walk to Red Deer Polytechnic—ideal for students. Featuring an illegal basement suite, this home offers great flexibility. Inside, enjoy modern vinyl plank flooring, new 3 year old windows and doors and new trim around them, newer lighting throughout, a high-efficiency furnace, 8 year old hotwater tank and updated shingles. The main floor showcases a spacious kitchen with plenty of cabinetry,...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeDuplex
Total Finished Area1,048 sq ft
Lot Size3,272 sq ft
ZoningR-D
HeatingForced Air
CoolingNone
ParkingNone
ExteriorPrivate Yard
BasementFull
Year Built1974
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$1,571After mortgage & expenses
Cap Rate10.1%Based on market rents
Cash on Cash Return27.9%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
WEST PARK
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Chad Jensen · Royal LePage Network Realty Corp.