3402 51 Avenue Red Deer, Alberta T4N 4E8

4,908 ft2
None Forced Air

$580,000

Jolyn Apartments, 5 plex, consisting of 5 - 1 bedroom units on Red Deer's south end. Ideal location for convenient, affortable rental suites for so many that need to be close to the hospital, college or easy access to shopping and other service providers. Fresh exterior paint, vinyl windows, rear gravel parking pad with plug ins, and the street allows for additional parking also. Well maintained, 2 gas forced air furnaces serve 4 suites and one gas heater serves 1 suite. Plenty of newer builds on this specific street that consist of newer 3 plexs, adult apartment building as well as duplexs. A great return on your investment now with huge potential for future re development on this corner lot. Zoned R-M, This zone allows for a mix of housing types and suitable non- Residential uses., creating density that is compatible with adjacent low-density or high-denisty Zones. Permitted uses include, Accessory Building, Apartment, Duplex, Home Occupation Minor, Show Home, and Townhouse. Discretionary Uses include, Back Yard Suite, Day Care Facility, Home ccupation Major, House, House Suite, Public Assembly, Supportive iving Accommodations, and Temporary Care Facility. The current totality of existing rents equal $4974.00/month, plus income monthly from a coin operted washer and dryer that is extra convenient for the tenants. Tenants pay for power in there units. Owner pays water, sewer, gas, garbage and power in common areas. Updated pictures shows suite #2, upper level, utility room in basement, and front interior landing going up to suites and down to suites. (id:58331)

Property Details

MLS® Number A2190185
Property Type Multi-family
Community Name South Hill
Community Features Pets Not Allowed
Parking Space Total 5
Plan 2278hw
Road Type Paved Road
Total Buildings 1

Building

Constructed Date 1954
Construction Material Poured Concrete, Wood Frame
Cooling Type None
Exterior Finish Concrete, Stucco
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 4908 Sqft
Size Interior 4,908 Ft2
Total Finished Area 4908 Sqft
Type Multi-family

Land

Acreage No
Size Depth 36.57 M
Size Frontage 15.24 M
Size Irregular 6000.00
Size Total 6000 Sqft|4,051 - 7,250 Sqft
Size Total Text 6000 Sqft|4,051 - 7,250 Sqft
Zoning Description R-m

https://www.realtor.ca/real-estate/27842946/3402-51-avenue-red-deer-south-hill

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