Property Address: 23 Nordegg Crescent, Red Deer, AB, T4P2B8
Average square foot calculated using Size range provided by listing agent.
Description
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!Show Description
MLS® NumberA2201462
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1981
BasementFinished, Full
DrivewayAlley Access, Off Street, On Street, Stall