For SaleFor sale
4746 55 Street
4746 55 Street
$3,500,000
MLS® A2312434
0
Bedrooms
0
Bathrooms
14,696
Area (sqft)
1975
Year Built
20,000
Lot Size
Description
Excellent opportunity to acquire a well-maintained 24-unit apartment complex offering strong in-place income with upside potential. The property consists of 6 two-bedroom units, 14 one-bedroom units, and 4 bachelor suites — each individually metered for electricity. Capital improvements include a new roof (2018) and a new boiler heating system (2025). Many suites have updated flooring and appliances, and the property has been diligently cared for with consistent maintenance, paint and cleaning. The building features 24 surface parking stalls, each with electrical outlets. Conveniently located near the river, public transit, schools, and shopping, this property appeals to a broad tenant base. With solid current cash flow and market rent growth potential, this is a turnkey investment with additional opportunity for value-add repositioning.
Essential Information
- MLS® #
- A2312434
- Property Type
- Commercial
- Property Sub Type
- Multi Family
- Year Built
- 1975
- Days on Market
- 37
Community
- Community
- Downtown Red Deer
- Postal Code
- T4N 2J1
- County
- Red Deer
Exterior
- Lot Size (sqft)
- 20000
Additional Details
- Zoning
- R-H
- Structure Type
- Low Rise (2-4 stories)
- Restrictions
- None Known
Location
Mortgage estimate
Estimates only. Actual rates and payments may vary based on lender, credit, and property type.
Listed by Tyler Remington, Real Broker · MLS® A2312434. Listing data provided by Pillar 9™. Information deemed reliable but not guaranteed.
