50
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$600,000
Est. payment /mo
2,080 SqFt
New
6336 58 AVE Red Deer, AB T4N 5Z8
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Key Details
Property Type Multi-Family
Sub Type 4 plex
Listing Status Active
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $288
Subdivision Highland Green Estates
MLS® Listing ID A2231739
Year Built 1975
Property Sub-Type 4 plex
Property Description
6.74% Stabilized CAP Rate! Great Tenants in Place. This Condominium 4-Plex in Highland Green Estates offers a smart investment with a Low Condo Fee that ensures your property — and your neighbors' — stays well maintained. Recent updates include Newer Roof & Windows, and Balconies! All units are Well Kept, featuring a mix of Renovations. Each unit is a 2 Bedroom / 1 Bathroom Bi-Level with its own In-Suite Laundry. The Bi-Level Layout places the Kitchen, Dining, and Living Room upstairs, while the Bedrooms, Bathroom, and Laundry are located on the lower level — enhanced by Large Windows that bring in plenty of Natural Light. Each unit is leased at $1,395/Month, with Tenants Paying ALL Utilities. Every unit includes its own Paved, Electrified Parking Stall, with Additional Street Parking conveniently located at the front thanks to the Corner Location of the complex. Most recent sale in the complex sold for $155,000 — making these 4 great value for $600,000! With Separate Titles, you'll enjoy Lower Property Taxes (over $2,500/year less than comparable fee simple 4-plex's) and Lower Insurance Costs, as the Condo Fees cover all Building Envelope Maintenance, Repairs, and Updates. No Snow Removal or Landscaping expenses either — it's all managed for you, keeping the complex in top shape. Located near essential amenities including the GH Dawe Pool, with Schools, Shopping, and Transit just minutes away. This 4-plex blends smart design, strong cash flow, and a prime location — an ideal opportunity for Investors and Owners Alike.
Location
Province AB
County Red Deer
Zoning R3
Interior
Inclusions Window Coverings
Exterior
Total Parking Spaces 4
Building
Dwelling Type Four Plex
Others
Restrictions Pet Restrictions or Board approval Required
Tax ID 102718240
Listed by Real Broker