About 1-16, 4750 55 Street
If you’re looking for an income generating property with potential for further growth- this is it! 15 suite apartment building currently sitting at 73% occupancy. This building consists of 13 - 1 bedroom + 1 bath suites and 2 bachelor + 1 bath suites. 4 units are vacant. Some of the units have been updated with newer flooring. Boiler has also been replaced. New hot water heater. Building has a zero lot line and a parking stall with 19 spaces. Current gross income is at $10,320 with room for growth. Several long term tenants. Property is being sold as-is.
Features of 1-16, 4750 55 Street
| MLS® # | A2179270 |
|---|---|
| Price | $1,360,000 |
| Bathrooms | 0.00 |
| Square Footage | 7,342 |
| Acres | 0.23 |
| Year Built | 1963 |
| Type | Multi-Family |
| Sub-Type | Apartment |
| Style | Low-Rise(1-4) |
| Status | Active |
Community Information
| Address | 1-16, 4750 55 Street |
|---|---|
| Subdivision | Waskasoo |
| City | Red Deer |
| County | Red Deer |
| Province | Alberta |
| Postal Code | T4N 2J1 |
Amenities
| Amenities | Parking, Coin Laundry |
|---|---|
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected, Phone Available |
| Parking Spaces | 19 |
| Parking | Alley Access, Paved, Stall |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dryer, Refrigerator, Stove(s), Washer |
|---|---|
| Heating | Baseboard, Boiler, Hot Water |
| Cooling | None |
| Fireplace | No |
| # of Stories | 4 |
| Has Basement | No |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | Back Lane, Street Lighting, Near Shopping Center, Near Public Transit |
Additional Information
| Date Listed | November 21st, 2024 |
|---|---|
| Zoning | R3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Century 21 Maximum |
|---|