3930 55 Avenue Red Deer, Alberta T4N 4N4

7,680 sqft

$1,500,000

Bon Air Manor in West Park offers 12 two-bedroom suites with an opportunity to improve rental income. Offered at $1,500,000, or $125,000 per suite, this 3 floor, walk-up apartment building features generous sized 800 sq ft suites with balconies, shared laundry facilities and 12 on-site surface parking stalls with power.Improvements include renovations to three suites, balcony railing upgrades and replacement of approximately 40% of the windows. Current rents are well below market leaving room for future growth as suites are improved and rents increase over time. (id:67695)

Property Details

MLS® Number A2358454
Property Type Multi-family
Community Name West Park
Parking Space Total 12
Plan 223ai
Total Buildings 1

Building

Constructed Date 1971
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Size Exterior 7680 Sqft
Size Interior 7,680 Sqft
Total Finished Area 7680 Sqft
Type Multi-family

Land

Acreage No
Size Irregular 19748.00
Size Total 19748 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Size Total Text 19748 Sqft|10,890 - 21,799 Sqft (1/4 - 1/2 Ac)
Zoning Description R-d

https://www.realtor.ca/real-estate/30514316/3930-55-avenue-red-deer-west-park

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