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NORMANDEAU

59 Nichols Crescent , Red Deer, AB

$275,000

Residential · MLS® A2312575
4Bedrooms
2Bathrooms
1,070Sq Ft
2Garage
1977Year Built
02 / Overview

PROPERTY OVERVIEW

Excellent opportunity for investors or first-time home buyers! This well-maintained duplex offers strong revenue potential with separate upper and lower suites, each occupied by tenants and featuring their own private laundry facilities , separate kitchens and separate entrances. The upper level boasts a bright and spacious layout with 3 bedrooms, a full 4-piece bathroom, and an open-concept kitchen offering abundant counter space and plenty of natural light through updated vinyl windows. The inviting living space is ideal for family living...

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeDuplex
Total Finished Area1,070 sq ft
Lot Size4,208 sq ft
ZoningR-D
HeatingForced Air • Natural Gas
CoolingNone
ParkingOff Street
ExteriorBalcony
BasementFull
Year Built1977
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$1,844After mortgage & expenses
Cap Rate12.5%Based on market rents
Cash on Cash Return40.2%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

NORMANDEAU

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Listed by Frank Regehr · Royal LePage Network Realty Corp.