Multi Unit Residential Buildings for Sale in Canada
23 Nordegg Crescent Red Deer, Alberta T4P 2B8
$650,000
Nicely renovated 4plex in a quiet location. Nicely renovated and updated with new windows throughout, 4 newer furnaces, shingles (6-7 yrs old approx), and one suite was fully renovated in the last 6 months. One suite is largely original but in great condition, two other suites have been renovated and updated over the years. Building has always been easy to keep full and current tenants have been there long term. Current rents are $1000, $1050, $1050, and $1250 and can all be raised to market rent ($1500+) with 3 months notice to the tenants. Tenants all pay their own power and gas, landlord pays water/sewer/garbage. Lots of parking is available in the front and back. Building will provide well over 8% return once rents have been raised to market prices. This well cared for and well maintained building will make a great addition to any portfolio or a great starting point for anybody looking to invest in rental real estate! (id:61635)
Property Details
| MLS® Number | A2201462 |
| Property Type | Multi-family |
| Neigbourhood | Normandeau |
| Community Name | Normandeau |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | Back Lane, Closet Organizers |
| Parking Space Total | 6 |
| Plan | 7720983 |
| Structure | Deck |
Building
| Appliances | Refrigerator, Stove, Washer & Dryer |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1981 |
| Construction Material | Wood Frame |
| Exterior Finish | Brick, Stucco |
| Flooring Type | Carpeted, Linoleum, Vinyl |
| Foundation Type | Wood |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,080 Ft2 |
| Total Finished Area | 2080 Sqft |
| Type | Multi-family |
Parking
| Other | |
| Street |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Total Text | Unknown |
| Zoning Description | R-m |
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April 10 2025 10:12:55
Central Alberta REALTORS® Association
RE/MAX Real Estate Central Alberta