Active
RIVERSIDE MEADOWS
5906 60 Street , Red Deer, AB
$685,000
Multi-Family · MLS® A23020141,701Sq Ft
4Garage
1976Year Built
02 / Overview
PROPERTY OVERVIEW
Exceptional investment opportunity in the Riverside community of Red Deer featuring a well-maintained fourplex situated on a massive lot. This property offers four fully self-contained units, each with two bedrooms, providing an ideal layout for consistent rental income. All units are currently tenanted, making this a true turnkey investment with immediate cash flow.
Each suite is thoughtfully designed with its own in-unit laundry, offering added convenience and appeal for tenants. The property also features private balconies for each unit, enhancing livability...
03 / Details
PROPERTY DETAILS
Property TypeMulti-Family
Building TypeFour Plex
Total Finished Area1,701 sq ft
Lot Size10,400 sq ft
ZoningR-L
Parking4 Car Garage
Year Built1976
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$150After mortgage & expenses
Cap Rate4.2%Based on market rents
Cash on Cash Return-1.3%With 20% down payment
Est. Monthly Rent$2,977Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
RIVERSIDE MEADOWS
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Investment ScoreN/A
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Listed by Nabil Noorani · Real Broker