Active

MICHENER HILL

4030 51a Street , Red Deer, AB

$344,900

Residential · MLS® A2316698
4Bedrooms
2Bathrooms
1,031Sq Ft
1Garage
1952Year Built
02 / Overview

PROPERTY OVERVIEW

Charming home in desirable Michener Hill sitting on a large corner lot! This beautifully updated 4-bedroom, 2-bathroom home provides a great opportunity for first time buyers or investors. The bright main floor features a spacious living room and functional kitchen with ample cabinetry, stone backsplash, windows out to the side yard and a large pantry. A bedroom is situated behind the living room, with a 4 pc bath tucked around the corner with bathtub/shower combo and shiplap wall details....

03 / Details

PROPERTY DETAILS

Property TypeResidential
Building TypeHouse
Total Finished Area1,031 sq ft
Lot Size5,700 sq ft
ZoningR-L
HeatingForced Air • Natural Gas
CoolingNone
ParkingSingle Garage Detached
ExteriorNone
BasementFull
Year Built1952
04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow+$404After mortgage & expenses
Cap Rate5.9%Based on market rents
Cash on Cash Return7.0%With 20% down payment
Est. Monthly Rent$2,004Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location

MICHENER HILL

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Listed by Dale Russell · RE/MAX real estate central alberta