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3809-3813 50 Street
Red Deer Alberta T4N1W1 Canada

$1,375,000

Active Listing ID A2256418
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3,620 square feet
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Multi-family

$1,375,000

Active Listing ID A2256418
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3809-3813 50 Street Attention Investors: Are you a seasoned investor or new to the market! Either way your not going to want to miss out on this opportunity. 2 very well maintained 2 bedroom 4 plex's units on 1 lot one title. Exceptionally well cared for and lots of renovations over the years. From the roofs to the siding to the interiors including kitchens, cabinets, flooring, paint, bathrooms, some, furnaces hot water tanks ( vary from unit to unit) all show well with good tenants in place on fixed and monthly leases wanting to stay. Could easily produce a 7% or greater cap rate while still maintaining lower than FMR. Great property if you want to self manage yourself with no large common areas or the associated costs other than small amount of grass to cut and little snow to shovel. Good convenient SE side location on the bus route. Plenty of parking with 1 powered stalls for each unit at the rear.. Currently grossing $110, 000 a year with costs of approx $22, 000. If your just starting out or adding to your portfolio this one will be well worth considering. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Exterior Finish: Vinyl siding
  • Heating Systems: Forced air
  • Additional Features
  • Basement
Listing Changed: 11/26/2025 5:45:32 PM GMT
Source Updated Date: 12/6/2025 4:06:02 PM GMT

Courtesy of: Paul Jones, Associate Broker, RE/MAX real estate central alberta