6323 59 Avenue, Red Deer, Alberta T4N5P9

6323 59 Avenue
1 / 46

This WELL-MAINTAINED 4-PLEX in Highland Green offers a TURN-KEY, CASH-FLOWING INVESTMENT with a STABILIZED 7.3% CAP RATE and ANNUAL GROSS REVENUE OF $67,668, with TENANTS PAYING ALL UTILITIES. The property has seen RECENT UPGRADES including a NEWER ROOF, UPDATED LOWER-LEVEL WINDOWS, and one unit with NEWER WINDOWS THROUGHOUT. Each unit features a SPACIOUS BI-LEVEL LAYOUT with 2 BEDROOMS, 1 BATHROOM, and IN-SUITE LAUNDRY. The upper level offers a functional kitchen, dining, and living area, while the lower level includes the bedrooms, bathroom, and laundry, complemented by LARGE WINDOWS that provide excellent natural light. With GROSS MONTHLY RENTS OF $5,639, this property delivers STRONG AND CONSISTENT CASH FLOW. Each unit includes an ELECTRIFIED PARKING STALL at the rear, along with ADDITIONAL OFF-STREET PARKING. Ideally located near GH DAWE POOL, schools, shopping, and public transit, this LOW-MAINTENANCE MULTI-FAMILY PROPERTY combines LOCATION, FUNCTIONALITY, AND INCOME, making it an excellent opportunity for INVESTORS seeking long-term stability and immediate returns.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

AppliancesWasher, Refrigerator, Stove, Dryer, Window Coverings
BasementFinished, Full
CoolingNone
HeatingForced air, Natural gas, Central heating
Living Area1806 sqft

Building & Exterior

Foundation DetailsPoured Concrete
Parking FeaturesOther
Year Built1974

Land & Location

City RegionHighland Green Estates
Lot Size Area7257.0 sqft
Lot Size Dimensions7257.00
Parcel Number0019266741
Subdivision NameHighland Green Estates

Listing & Financials

Listing OfficeReal Broker
Originating System NameCalgary Real Estate Board

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total5

For Sale

$650,000

6323 59 Avenue, Red Deer, Alberta T4N5P9

Beds

-

Baths

-

Living Area

1,806 sqft

Lot Size

7,257 sqft

Property Type

Multi-Family

Year Built

1974

Listing IDA2279308

Location & Map

Similar Homes You May Like