Investors take note! This 4 plex has long term tenants in place and backs onto the City of Red Deer Community Gardens - no neighbors to the back! Each unit features an upper level living room, kitchen, dining area, 2 piece bathroom and balcony. The lower level has 2 bedrooms, 4 piece bathroom, laundry room and storage. There is 4 parking stalls at the rear of the building each with their own plug in. Property interior was extensively renovated in 2007 with kitchen cabinets, bathrooms, paint and flooring. The roof was done in 2014. All 4 units are currently rented, only one unit will be shown at a time (until time of offer), 24 hours notice must be provided. 2021 Insurance Inspection occurred with no concerns. This is a self Governing condo corporation that can be dissolved upon possession, very little to provide for condo documentation. All long term tenants in place, condo fee is $220 per month paid by owners that includes water, sewer, garbage, yard maintenance and building insurance. Total current rent is $3580, tenants pay power, heat and internet. Rent increase scheduled for Feb 2023 will put total rent at $3905.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Subject To Tenancy
Suite:
No
Home Style:
Bi-Level
Total Living Area:
501 sq. ft.46.54 m2
Taxes:
$4,028 /
2021
Condo Fee:
$220.00
Condo Fee Includes:
Insurance, Maintenance Grounds, See Remarks, Sewer, Snow Removal, Trash, Water
Lot Area:
8,727 sq. ft.810.76 m2
Front Exposure:
West
Unit Exposure:
West
Entry Level:
1
Levels:
Bi-Level
End Unit:
2+ Common Walls
Total Rooms Above Grade:
4
Year built:
1978
(Age: 46)
Bedrooms:
2
Bedrooms Above Grade:
0
Bedrooms Below Grade:
2
Bathrooms:
2.0
(Full:1, Half:1)
Plan:
0720091
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
0
Parking:
Off Street
Parking Places:
4.0
Parking Total/Covered:
4 /
-
Laundry Features:
In Unit
Condo Fee Frequency:
Monthly
Normandeau (Red Deer)
Parking, Snow Removal, Trash
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
Fridge x 4, Stove x 4, Dishwasher x 4, Washer x 4, Dryer x 4 & Micro-hood fan x 4.
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