Homes for sale - 3500-3508 48 AVE, Red Deer, AB T4N 3S3

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Lindsay Olver

lindsay@coldwellbanker.ca +1(403) 597-6801

$ 819,600

Est. payment -/mo

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Price Dropped by $40K

3500-3508 48 AVE Red Deer, AB T4N 3S3

2,114 SqFt

UPDATED:

11/08/2024 01:15 AM

Key Details

Property Type Multi-Family, Townhouse

Sub Type Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 2,114 sqft

Price per Sqft $387

Subdivision South Hill

MLS® Listing ID A2168543

Style Bi-Level

Originating Board Central Alberta

Year Built 1994

Annual Tax Amount $5,534

Tax Year 2024

Property Description

A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. For more photos, interactive video and drone see MLS A2158142 Estimated market rent approx. $1500. per month per unit. units are mostly owner occupied there is no rent roll

Location

State AB

County Red Deer

Zoning R2

Interior

Heating Forced Air

Flooring Other

Inclusions All appliances Stoves(4) Fridges(4) dishwashers(4) Washers(4) Dryers(4)

Exterior

Garage Off Street, Parking Pad

Garage Description Off Street, Parking Pad

Roof Type Asphalt Shingle

Parking Type Off Street, Parking Pad

Total Parking Spaces 8

Building

Story 1

Foundation Wood

Architectural Style Bi-Level

Others

Restrictions Call Lister

Tax ID 91351358

Ownership Private

Listed by RE/MAX real estate central alberta

Lindsay Olver

Broker

+1(403) 597-6801

Lindsay Olver

3500-3508 48 AVE Red Deer, AB T4N 3S3

Key Details

Location

Interior

Exterior

Building

Others

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3500-3508 48 AVE