$3,780,000
( )
 $20,292 forsale estimated payment Sourced by Back At You

3815 51a Street , Red Deer, AB T4P 1H4

Red Deer, AB T4P 1H4

Sharewithfriend

Description

Well maintained 3-storey 24 suite apartment building located in a desirable and convenient location across from the Michener Recreational Center. All Tenants are on 1-year leases with various expiry dates except for 2 long-term Tenants and 1 vacant 2-bedroom suite to be fully renovated. There are five 2-bedroom suites, eighteen 1-bedroom suites and 1 bachelor suite. Each of the 1 and 2-bedroom units have a storage room, living room, entrance/hallway closet, 4-piece bathroom, kitchen and dinning area. All 2nd and 3rd floor units have a sliding door to a balcony. Over the past 7 years complete renovations including vinyl plank flooring, all new appliances including the addition of dishwashers, painting, new bathroom and kitchen cabinets and counter tops, room and closet doors, all moldings and casings, electrical fixtures and plumbing fixtures have been completed to two of the 2-bedrooms, fourteen of the 1-bedrooms and the bachelor suite. A 2-bedroom apartment will be vacated and full renovations started October 1, 2024. Partial renovations have been made to two of the 2-bedrooms and three of the 1-bedroom suites. There are two units left to renovate, which will provide a potential increase in rental revenue for the building. Additional renovations and updates to the common hallways and stairwells include new carpet/flooring, painting, reflective window film, LED lighting, new make-up air unit with air conditioning and a video security system with cameras at all entrances/exits, parking lot, the common hallways and stairwells. There is a common laundry room on the 1st/ground floor with 2 new token operated washers and gas dryers. Parking lot is paved and each suite has its own designated parking spot. There are 9 visitor parking spots as well as lots of available street parking. There is a live-in caretaker who looks after cleaning common hallways and stairwells, lawn cutting and snow removal and is remunerated with a rent reduction of $450.00.

Details

MlsA2168228
Listing TypeFor Sale
StyleAttachd
BuildingnameMichener Manor Apartment
SubtypeResale
StatusActive
Year1976
Days On Site66
Listing Provided ByCentury 21 Maximum | Bill Hogg

Features

Sq Feet11,704
ZoningR3
Acreage0.69
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Request A Showing

Request A Showing

Loading Form
Listings Checked: 40 seconds ago

Contact

Learn More About This Property

StateAB
CountyRed Deer
CityRed Deer
Zip CodeT4P 1H4
AreaRed Deer
Community NameMichener Hill
Listing VS Median (in Michener Hill)
Price:
$3,780,000
low | high
Med:
$349,900
100% of Average
SqFt:
11,704
low | high
Med:
1,353
100% of Average
$ / SqFt:
$323
low | high
Med:
$259
69.92652815417% of Average
On Site:
66
low | high
Med:
29.000000
100% of Average
Sourced by Back At You
Listing Updated: October 23, 2024 at 1:44:43 PM PDT