3500 48 AVE #3502-3504-3508 Active Save Request In-Person Tour Request Virtual Tour
Red Deer,AB T4N 3S3
Key Details
Property Type Townhouse
Sub Type Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 2,114 sqft
Price per Sqft $387
Subdivision South Hill
MLS Listing ID A2158142
Style Bi-Level
Bedrooms 2
Full Baths 1
Half Baths 1
Condo Fees $340
Originating Board Central Alberta
Year Built 1994
Annual Tax Amount $5,534
Tax Year 2024
Property Description
A great start or addition to your investment portfolio, 4 individually titled townhouse condominiums. Rare to find such an attractive unique complex that has a great location on the south side across from the park and trail system with a view from every unit. Complex sits on 11,600 Sq ft lot with fenced off street paved parking with 2 stalls for each unit. Well maintained, upgraded vinyl fencing, upgraded decks and aluminum railings. New shingled installed 2024. Each unit offers open kitchen and dining area and 2 Pc bath on the main, lower level has 2 bedrooms, storage room, 4 Pc bath room and mechanical room, approx. 977 Sq ft finished per unit. Has great potential to generate 70,,000 per yr gross income and produce an attractive cap rate, and even greater if you want to maintain yourself. Each unit has individual billing for gas and power. Water sewer and garbage are billed to the complex. Note these are presently mainly owner occupied, no rent roll.
Location
Province AB
County Red Deer
Zoning R2
Direction W
Rooms
Basement Finished,Full
Interior
Interior Features Sump Pump(s)
Heating Forced Air
Cooling None
Flooring Carpet,Linoleum,Vinyl
Appliance Dishwasher,Refrigerator,Stove(s),Washer/Dryer
Laundry In Basement
Exterior
Garage Off Street,Parking Pad
Garage Description Off Street,Parking Pad
Fence Fenced
Community Features Walking/Bike Paths
Amenities Available Parking
Roof Type Asphalt Shingle
Porch Deck
Total Parking Spaces 8
Building
Lot Description Back Lane,Fruit Trees/Shrub(s),Landscaped,Paved,Views
Story 1
Foundation Wood
Architectural Style Bi-Level
Level or Stories One
Structure Type Vinyl Siding,Wood Frame
Others
HOA Fee Include Common Area Maintenance,Insurance,Reserve Fund Contributions,Sewer,Snow Removal,Trash,Water
Restrictions Call Lister
Tax ID 91351358
Ownership Private
Pets Description Yes