HIGHLAND GREEN

5950 & 5948 63 Street , Red Deer, AB

$469,900

Residential · MLS® A2321467

6Bedrooms

4Bathrooms

626Sq Ft

6Garage

1974Year Built

02 / Overview

PROPERTY OVERVIEW

Turnkey Full Duplex- Immediate Cash FLow and Strong Rental History ~ Incredible opportunity to add an updated, high performing asset to your portfolio. Boasting many recent renovations, both independent units feature bright open layouts, 3 generous sized bedrooms, 1.5 baths and convenient main floor laundry. Featuring large yards, ample parking and close proximity to the schools, parks and the newly renovated Dawe center. Live on one side and rent the other, or cash flow from both...

03 / Details

PROPERTY DETAILS

Property TypeResidential

Building TypeDuplex

Total Finished Area626 sq ft

Lot Size7,950 sq ft

Zoningr1

HeatingForced Air • Natural Gas

CoolingNone

ParkingOff Street • Parking Pad

ExteriorBalcony

BasementFull

Year Built1974

04 / Investment

INVESTMENT ANALYSIS

Est. Monthly Cash Flow-$717After mortgage & expenses

Cap Rate2.6%Based on market rents

Cash on Cash Return-9.2%With 20% down payment

Est. Monthly Rent$1,396Based on comparable rentals

Want to run your own numbers?Customize down payment, rates, and rental assumptions

05 / Location

HIGHLAND GREEN

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Listed by Matt Braun · Sutton Landmark Realty