Walker House is a well-maintained 24-unit multifamily property located at 3430 49 Avenue in Red Deer, within walking distance of shopping, restaurants, transit, parks and trails. Built in 2016, the property consists of 18 two-bedroom units, 3 two-bedroom + den units and 3 one-bedroom units, with no suites located at or below ground level. Each suite features its own furnace, hot water tank, A/C, in-suite laundry, dishwasher, private balcony and separately metered gas and electricity paid by the tenant. The building is serviced by an elevator and sprinkler system and includes 25 heated underground parking stalls plus 15 powered surface stalls. The property has been exceptionally well maintained with no significant outstanding capital improvements required and benefits from a stable, long-term tenant base. Current rents are below market, providing a purchaser with a strong opportunity to increase revenue and NOI within a newer, low-maintenance asset. (id:55577)
Property Features
- MLS® Number A2336874
- Price $5,500,000
- Square Footage: 9505 sqft
- Property Type: Multi-Family
- Community Name: South Hill
- Plan 1323306
Buildings
| Constructed Date | 2014 | Cooling Type | Central Air Conditioning |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Forced Air | Size Exterior | 9505 Sqft |
| Size Interior | 9505 Sqft | Total Finished Area | 9505 Sqft |
| Type | Multi-family |
Land
| Acreage | No | Size Irregular | 18406.00 |
| Size Total | 18406 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 18406 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | R-m |
Agents and Offices
- Tyler Remington
- Office: Real Broker