6323 59 Avenue
Red Deer T4N 5P9
MLS® Number: A2279308
$ 650,000
0
BEDROOMS
0 + 0
BATHROOMS
1,806
SQUARE FEET
1974
YEAR BUILT
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.
| COMMUNITY | Highland Green Estates |
| PROPERTY TYPE | 4 plex |
| BUILDING TYPE | Four Plex |
| STYLE | N/A |
| YEAR BUILT | 1974 |
| SQUARE FOOTAGE | 1,806 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | Full |
| AMENITIES | |
| APPLIANCES | Dryer, Electric Stove, Refrigerator, Washer, Window Coverings |
| COOLING | None |
| FIREPLACE | N/A |
| FLOORING | |
| HEATING | Central, Forced Air, Natural Gas |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | Alley Access, Off Street, Stall |
| RESTRICTIONS | None Known |
| ROOF | |
| TITLE | Fee Simple |
| BROKER | Real Broker |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|