For more information regarding the value of a property, please contact us for a free consultation.
3821 50 ST #101-304 Red Deer, AB T4N 1W1
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,306,000
Property Type Multi-Family
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 7,616 sqft
Price per Sqft $171
Subdivision Eastview
MLS® Listing ID A2147214
Sold Date 08/01/24
Originating Board Central Alberta
Year Built 1964
Annual Tax Amount $10,509
Tax Year 2024
Lot Size 0.344 Acres
Acres 0.34
Property Description
Take a look at this 10 suite apartment building for sale in a convenient location. All units are tenant occupied, no vacancies. Each unit consists of 2 bedrooms, a 4pc. Bathroom, storage room, living room, kitchen and dining area. All units have sliding doors to the balconies which were all replaced in 2020. Units have a mix of vinyl plank flooring, carpet and/or linoleum. Many of the bathrooms have had some updates over the years. Overall, the units are spacious and in good condition. The upper floor units have vaulted ceilings. There is a large utility room/laundry room with one pair of washer/dryer for the building. There is also an underground floor unit that is unfinished but could have the potential to add an 11th suite. There is paved parking at the back. Current rents total $8956 per month. Ranging from $850 to 1072 per unit. Only one unit has been given a rent increase this year and mostly all other units can qualify for an increase in September of this year. New boiler in 2023.
Location
Province AB
County Red Deer
Zoning R2
Interior
Heating Boiler
Exterior
Total Parking Spaces 12
Building
Story 3
Others
Restrictions None Known
Tax ID 91454257
Ownership Private
Read Less