$675,000
active
5805 56 Avenue
Red Deer
,
AB
T4N4P9
Key Details
- MLS® Number:
- A2294887
- Community:
- Riverside Meadows
- Building Type:
- Multi-Family
- Interior Size:
- 1510 square feet
- Parking:
- 4
- Lot Size:
- 6250.0 square feet
- Attached:
- Yes
Property Description
Turnkey 4-Plex Investment Opportunity in Red DeerExcellent opportunity to own a fully renovated 4-plex multifamily property in Red Deer, ideal for investors seeking strong rental income and minimal maintenance. This property features three 2-bedroom units and one 1-bedroom unit, all extensively updated with modern finishes.Each unit has been fully renovated, including new kitchens with quartz countertops and stainless steel appliances, updated interiors, and modern fixtures throughout. Two units feature durable vinyl plank flooring, while the other two offer new carpet, creating comfortable and attractive living spaces for tenants.Major building updates include newer windows, refreshed interiors, and a roof approximately 5 years old, providing peace of mind for years to come. Approximately $50,000–$60,000 in renovations have been invested into the property.The building also offers four dedicated parking stalls for tenant convenience.Currently 100% occupied with tenants, making this a true turnkey income property with immediate cash flow. With its modern upgrades, strong tenant demand, and solid location in Red Deer, this property represents a fantastic long-term investment opportunity. (id:53430)
Building
- Property Type:
- Multi-Family
- Building Type:
- Multi-Family
- Year Built:
- 1976
Finished Areas
- Interior Size (Total):
- 1510 square feet
- Above Grade:
- 1510 square feet
Interior
- Appliances:
- Refrigerator, Stove, Microwave Range Hood Combo
Parking
- Spaces:
- 4
Lot / Land
- Lot Size:
- 6250.0 square feet
Fees & Dates
- Property Taxes:
- $5,502
- Tax Year:
- 2025
- Last Modified:
- 05/05/2026 09:30:23 PM
- Status Change:
- 05/05/2026 09:29:41 PM
Association / Ownership
- Common Interest:
- Freehold
Location
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