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 . (id:55577)
Property Features
- MLS® Number A2175520
- Price $1,470,000
- Square Footage: 4044.69 sqft
- Property Type: Multi-Family
- Community Name: Riverside Meadows
- Parking Space Total 12
- Plan 0729407
- Total Buildings 1
Buildings
| Constructed Date | 1973 | Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas | Heating Type | Baseboard Heaters |
| Size Exterior | 4044.69 Sqft | Size Interior | 4044.69 Sqft |
| Total Finished Area | 4044.69 Sqft | Type | Multi-family |
Land
| Acreage | No | Size Depth | 38.88 M |
| Size Frontage | 41.93 M | Size Irregular | 17124.09 |
| Size Total | 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) | Size Total Text | 17124.09 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | R2 |
Agents and Offices
- Kim Stubbs
- Office: Sotheby's International Realty Canada