Property Details for MLS® # A2279308
6323 59 Avenue, Red Deer
4 plex for Sale
- MLS®#: A2279308
- Price: $650,000
- Parking: 5
- Status: Active
- Year Built: 1974
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
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
Community Information
- Address: 6323 59 Avenue
- Neighbourhood: Highland Green Estates
- City: Red Deer
- Postal Code: T4N 5P9
interior
- Included: n/a
- Fireplace Details: For Sale
- Basement: Full, Full
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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