Active
PARKVALE
4611 50 Street , Red Deer, AB
$1,399,000
Multi-Family ยท MLSยฎ A22954248,488Sq Ft
8Garage
1978Year Built
02 / Overview
PROPERTY OVERVIEW
An exceptional investment opportunity with these EIGHT units, fully rented Condo Townhouse, located in a prime location, just steps away from the park, walking trail, shopping center, and all essential amenities. With ample stall parking on site, this building is perfectly positioned for renters. All eight units are two bed/1.5 bath units, with the potential of adding one extra in the main level. one of the units have been completely renovated. New roofing replaced in 2013. Property has 24-hour...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeOther
Total Finished Area8,488 sq ft
Lot Size12,450 sq ft
ZoningR-D
Parking8 Car Garage
Year Built1978
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow+$8,028After mortgage & expenses
Cap Rate11.3%Based on market rents
Cash on Cash Return34.4%With 20% down payment
Est. Monthly Rent$14,854Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
PARKVALE
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Investment ScoreN/A
Avg Home PriceN/A
Active ListingsN/A
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Listed by Yu jing Li ยท Grand Realty