Exceptional investment opportunity in the Riverside community of Red Deer featuring a well-maintained fourplex situated on a massive lot. This property offers four fully self-contained units, each with two bedrooms, providing an ideal layout for consistent rental income. All units are currently tenanted, making this a true turnkey investment with immediate cash flow.Each suite is thoughtfully designed with its own in-unit laundry, offering added convenience and appeal for tenants. The property also features private balconies for each unit, enhancing livability and long-term rental desirability. The expansive, fully fenced lot provides additional outdoor space and privacy, while also offering potential for future value enhancement.Well-positioned within Red Deer, this property benefits from strong rental demand and a stable tenant base. With separate living spaces, desirable unit features, and solid income potential, this fourplex is an excellent addition to any investment portfolio. (id:55577)
Property Features
- MLS® Number A2302014
- Price $685,000
- Square Footage: 1701 sqft
- Property Type: Multi-Family
- Community Name: Riverside Meadows
- Parking Space Total 4
- Plan 8079af
Buildings
| Architectural Style | Bi-level | Constructed Date | 1976 |
| Size Interior | 1701 Sqft | Total Finished Area | 1701 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Irregular | 10400.00 |
| Size Total | 10400 Sqft|7,251 - 10,889 Sqft | Size Total Text | 10400 Sqft|7,251 - 10,889 Sqft |
| Zoning Description | R-l |
Agents and Offices
- Nabil Noorani
- Office: Real Broker