Red Deer, AB T4P1H4,3815 51A Street
Red Deer, AB T4P1H4,3815 51A Street
Red Deer, AB T4P1H4,3815 51A Street
Red Deer, AB T4P1H4,3815 51A Street
Red Deer, AB T4P1H4,3815 51A Street
Red Deer, AB T4P1H4,3815 51A Street
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$ 3,780,000
Est. payment | /mo

11,704 SqFt


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$ 3,780,000
Est. payment | /mo
Save

11,704 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,704 sqft

Price per Sqft $322

Subdivision Michener Hill

MLS® Listing ID A2168228

Originating Board Central Alberta REALTORS® Association

Year Built 1976

Lot Size 0.690 Acres

Acres 30056.0

Property 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. (id:24570)

Location

Province AB

Exterior

Garage No

Community Features Pets not Allowed

Waterfront No

View Y/N No

Private Pool No

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Listed by Century 21 Maximum
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3815 51A Street