$1,470,000.00 4,045 Sq.ft

5617 60 Avenue , Red Deer. T4N 4W2

Description

An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2175520
City:Red Deer
Neighbourhood:Riverside Meadows
Province:Alberta
Building/Unit Size: 4,045 sq.ft
Land Size:0.39 Acre
Listing Price:$1,470,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Multi Family
Transaction Type:For Sale
Land Use Code:R2
Listing Contract Date:2024-11-03

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "Sotheby's International Realty Canada" listing brokerage.

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