Active
NORMANDEAU
43 Nyberg Avenue , Red Deer, AB
$659,900
Multi-Family ยท MLSยฎ A22857232,304Sq Ft
4Garage
1978Year Built
02 / Overview
PROPERTY OVERVIEW
Great Investment with 3 bedroom units that are fully rented with long term tenants. Tenants are responsible for utilities including heat, electricity and water. Upgrades over the years include, fencing, deck, appliances, some new flooring and fresh gravel around the building.
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeFour Plex
Total Finished Area2,304 sq ft
ZoningR-M
Parking4 Car Garage
Year Built1978
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$961After mortgage & expenses
Cap Rate6.2%Based on market rents
Cash on Cash Return8.7%With 20% down payment
Est. Monthly Rent$4,032Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
NORMANDEAU
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Investment ScoreN/A
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Active ListingsN/A
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Listed by Quisha Yee ยท Royal LePage Network Realty Corp.