5617 60 Avenue , Red Deer, AB T4N 4W2
Red Deer, AB T4N 4W2
Description
An exceptional investment opportunity with this twelve unit, fully rented apartment complex in a prime location near the Red Deer River. With ample stall parking on site, this building is perfectly positioned for renters. The Raven Thorpe Manor is in a quiet neighbourhood and yet offers convenient proximity to essential amenities, including the nearby mall and bus stops. Just a short walk to Bower Ponds, residents enjoy immediate access to the city’s extensive network of walking and biking paths. This property includes 3 one bed/one bath units and 9 two bed/one bath units, is fully rented and there is potential to increase rents. Almost half of the suites have been renovated and for buyers looking for an additional advantage, this building has been condominiumized with all 12 suites individually titled allowing an investor to hold the building as a long term investment or sell suites individually .
Details
| Mls | A2175520 |
|---|---|
| Listing Type | For Sale |
| Style | Attachd |
| Buildingname | Raventhorpe |
| Subtype | Resale |
| Status | Pending |
| Year | 1973 |
| Days On Site | 35 |
| Listing Provided By | Sotheby's International Realty Canada | Kim Stubbs |
Features
| Sq Feet | 4,044 |
|---|---|
| Zoning | R2 |
| Acreage | 0.39 |
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Learn More About This Property
| State | AB |
|---|---|
| County | Red Deer |
| City | Red Deer |
| Zip Code | T4N 4W2 |
| Area | Red Deer |
| Community Name | Riverside Meadows |
| Listing VS Median (in Riverside Meadows) | |
Price: $1,470,000 low | high Med: $314,350 SqFt: 4,044 low | high Med: 1,425 $ / SqFt: $364 low | high Med: $229 On Site: 35 low | high Med: 52.000000 | |
