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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$650,000
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1,806 SqFt
Active

6323 59 AVE Red Deer, AB T4N 5P9

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Cameo Palin

Cameo Palin

REAL Broker

+1(403) 316-0630

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 A2279308

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 offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.

Location

Province AB

Zoning R-M

Rooms

Basement Full, Finished

Interior

Heating Central, Forced Air, Natural Gas

Cooling None

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

Listed by Real Broker
Cameo Palin

" You figure out where you want to live, and I'll figure out how to get you there! "

+1(403) 316-0630

info@allcalgaryhomescameo.com

1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada

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6323 59 AVE