Multi-Family Residential Building for Sale
Property For Sale In Riverside Meadows, Red Deer
- MLS®#: E4412750
- Price: $1,470,000
- Year Built: 1973
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 Raventhorpe 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 .
Contact Sam Dedla About MLS® E4412750
Sam Dedla, 780-962-8580 at RE/MAX PREFERRED CHOICE, #4, 16 Nelson Drive, Spruce Grove, Alberta, T7X 3X3
property information
- Property Type: Multi-Family Residential Building
- MLS®#: E4412750
- Year Built: 1973
Community Information
- Neighbourhood: Riverside Meadows
- City: Red Deer
- Postal Code: T4N 4W2
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