6323 59 Avenue, Red Deer

4 plex for Sale

6323 59 Avenue, Red Deer, MLS® # A2279308
  • MLS®#: A2279308
  • Price: $650,000
  • Parking: 5
  • Status: Active
  • Year Built: 1974
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This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.

Contact Ryan & Dennis Shandruk About MLS® A2279308

Required Field

Ryan & Dennis Shandruk, 403-830-3690 at RE/MAX REALTY PROFESSIONALS, #10, 6020 - 1A STREET S.W., Calgary, Alberta, T2H 0G3

property information

  • Property Type: 4 plex
  • MLS®#: A2279308
  • Year Built: 1974
  • Total Floor Area: 1,806 sq.ft
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Community Information

  • Address: 6323 59 Avenue
  • Neighbourhood: Highland Green Estates
  • City: Red Deer
  • Postal Code: T4N 5P9
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interior

  • Included: n/a
  • Fireplace Details: For Sale
  • Basement: Full, Full
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services & amenities

  • Parking: Alley Access, Off Street, Stall (5 Total Parking Spaces)
  • Heating: Central,Forced Air,Natural Gas
  • Heating: Central, Forced Air, Natural Gas
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$650,000

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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.

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