Active
MICHENER HILL
4125 51a Street , Red Deer, AB
$385,000
Residential · MLS® A23322744Bedrooms
2Bathrooms
890Sq Ft
2Garage
1952Year Built
02 / Overview
PROPERTY OVERVIEW
Adorable Bungalow with Oversized Detached Garage(22' x 30') located in the Sought after neighborhood of Michener Hill!!! This Charming Bungalow has so much Character, with original Hardwood in excellent condition, Newer Paint Throughout, Newer Windows Throughout (10 years old) 4 piece bath on main floor with soaker tub and upgraded fixtures, fully developed basement with large family room, two more bedrooms, a works shop and another 4 piece bath!!! Electrical upgraded to City of Red Deer Code...
03 / Details
PROPERTY DETAILS
Property TypeResidential
Building TypeHouse
Total Finished Area890 sq ft
Lot Size6,250 sq ft
ZoningR-L
HeatingFloor Furnace • Forced Air
CoolingNone
ParkingDouble Garage Detached • Heated Garage • Oversized
ExteriorOther
BasementFull
Year Built1952
04 / Investment
INVESTMENT ANALYSIS
Est. Monthly Cash Flow-$4After mortgage & expenses
Cap Rate4.5%Based on market rents
Cash on Cash Return-0.1%With 20% down payment
Est. Monthly Rent$1,758Based on comparable rentals
Want to run your own numbers?Customize down payment, rates, and rental assumptions
05 / Location
MICHENER HILL
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Investment ScoreN/A
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Listed by Tamara Janzen · Realty Executives Alberta Elite