AB > Red Deer > Highland Green Estates
Red Deer, AB T4N 5P9,6323 59 AVE
Red Deer, AB T4N 5P9,6323 59 AVE
Red Deer, AB T4N 5P9,6323 59 AVE
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Ken Rigel

Ken Rigel

+1(403) 207-1748
$650,000
Est. payment /mo
1,806 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 plex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1806.0

Square Footage 1,806 sqft

Price per Sqft $359

Subdivision Highland Green Estates

MLS Listing ID A2272222

Year Built 1974

Lot Size 7,405 Sqft

Acres 0.17

Property Sub-Type 4 plex

Property Description

This well-maintained 4-plex in Highland Green presents an outstanding investment opportunity with a stabilized CAP rate of 7.3%, and an impressive annual gross revenue of $67,668, with tenants responsible for ALL utilities. Recent updates include a newer roof, updated windows on the lower levels, and one unit featuring newer windows throughout. Each unit offers a comfortable bi-level design with 2 bedrooms and 1 bathroom, complete with in-suite laundry. The upper level hosts the kitchen, dining, and living areas, while the lower level features the bedrooms, bathroom, and laundry, enhanced by large windows that welcome abundant natural light. With gross monthly rents of $5,639, this property provides excellent cash flow. Each unit also includes an electrified parking stall in the back and additional off-street parking. Located near essential amenities such as the GH Dawe Pool, schools, shopping, and public transit, this 4-plex combines functional design, strong cash flow, and a prime location, making it an ideal opportunity for investors.

Location

Province AB

Zoning R-M

Rooms

Basement Full

Interior

Heating Central, Forced Air, Natural Gas

Cooling None

Inclusions Washer x 4, Dryer x 4, Fridge x 4, Stove x 4, Window Coverings

Fireplace No

Appliance Dryer, Electric Stove, Refrigerator, Washer, Window Coverings

Exterior

Parking Features Alley Access, Off Street, Stall

Total Parking Spaces 5

Garage No

Building

Dwelling Type Four Plex

Foundation Poured Concrete

Others

Restrictions None Known

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Listed by Real Broker
Ken Rigel

Ken Rigel

Team Lead

+1(403) 207-1748

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6323 59 AVE

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